Eddie Stobart Logistics agrees conditional rescue deal with DBAY Advisors as debts rise to £12m


 

Eddie Stobart Logistics (ESL) has entered into a conditional sale and purchase agreement with private equity investor DBAY Advisors. In an update to the London Stock Exchange, ESL also revealed it is expecting a loss of at least £12m when its delayed half-year results are finally published. It said “shareholders should note that losses could be higher”. Under the terms of the sale proposal, DBAY would acquire a 51% stake, with existing shareholders having a 49% interest. It is also […]