Eddie Stobart Logistics lines up Deloitte for potential administration ahead of crunch shareholder vote on its future


 

Troubled 3PL Eddie Stobart Logistics (ESL) is reported to be lining up accountancy firm Deloitte to prepare it for insolvency if shareholders reject a rescue package from private equity firm DBAY Advisors. Investors will vote on whether to accept the deal tomorrow (6 December) and the Daily Telegraph claims ESL’s holding company will be put into administration if an agreement cannot be reached. DBAY’s proposal includes a £55m high-interest loan in exchange for DBAY taking a majority stake. But in […]