Eddie Stobart Logistics returns to the stock market next month with a listing on the Alternative Investment Market (AIM) that will value the operator at more than half a billion pounds. In a statement today, the haulier’s holding company, Greenwhitestar Capital, said it would be seeking admission to AIM in a bid to raise funds for acquisitions in the “highly fragmented market”. “The company is targeting a market capitalisation of admission in excess of £550m, with approximately £130m of proceeds […]
The boss of Eddie Stobart Logistics has endorsed Chep’s collaborative transportation programme, which, according to the pallet manufacturer, saved participants more than 900,000 road miles last year.
Alex Laffey was 25 years with Tesco before becoming CEO of Eddie Stobart Logistics (ESL) in May 2015 in preparation for floating the business of the Alternative Investment Market (AIM) of the London Stock Exchange in April 2017.
Vehicle transporter Autologic’s shares have today been delisted from the Alternative Investment Market following its takeover by Stobart Group. Stobart Group made its formal £12.4m offer for Autologic in June, having been in talks since May. The ability of Autologic to use Stobart Rail infrastructure to reduce the level of empty running endemic to the car transporter sector, as well as the benefits of access to Stobart’s storage sites, were both cited as reasons why the deal made sense. Stobart […]