Former Eddie Stobart boss Andrew Tinkler increases bid and buys 6.5% stake


 

The two-way battle for control of Eddie Stobart Logistics (ESL) has taken another twist after former CEO Andrew Tinkler (pictured) promised to inject a further £10m of equity into the troubled haulier if his bid is successful. The move would see Tinkler’s overall offer rise to £80m, in part to repay debts which are understood to have spiralled to an “unsustainable” £200m. In a statement, TVFB (3) Limited, a company controlled by Tinkler, also revealed it has bought a 6.5% […]