Wincanton has told Eddie Stobart Logistics’ stakeholders to “take no immediate action” following news that ESL has agreed a conditional sale to private equity firm DBAY Advisors. Wincanton is still running the rule over a possible merger of its own with ESL and undertaking a due diligence exercise on its assets. Under the terms of the sale proposal, DBAY would acquire a 51% stake of ESL, with existing shareholders having a 49% interest. It is also proposing an injection of […]
Wincanton has built on its relationship with Ikea with a new three-year home delivery contract.
A general meeting of Eddie Stobart Logistics (ESL) shareholders is to take place on Friday, December 6 to consider DBAY Advisors’ bid for the troubled haulier.
Wincanton said trading had been resilient during the first six months of 2020, with a focus on opportunities in growth markets starting to reap benefits.