Private equity investor DBAY Advisors has offered to buy a controlling stake in Eddie Stobart Logistics (ESL). Under the terms of the proposal, DBAY would acquire a 51% stake, with existing shareholders having a 49% interest. It is also proposing an injection of approximately £55m of financing into the group’s operations to “be used to provide necessary liquidity.” In a Stock Exchange announcement, which was made in response to press speculation of a deal, the group said: “The Board of Eddie […]
Strike action set for next week at Eddie Stobart Logistics has been avoided, after the operator and union Unite held talks today (24 May).
Eddie Stobart’s purchase of The Pallet Network marks the next step in the evolution of the sector, claims boss
Eddie Stobart Logistics’ purchase of The Pallet Network (TPN) represents the evolution of the pallet network model, according to MD Mark Duggan (pictured).
Wincanton has said it doesn’t expect to be affected by the dispute between union Unite and Argos over the proposed transfer of almost 100 drivers despite managing the majority of the retailer’s transport operation.