Asda’s prospective new owners are looking to raise £1.2bn from the sale of the supermarket chain’s logistics and distribution network, according to reports. The Issa brothers, who own petrol empire EG Group, have taken on Eastdil Secured to prepare a sale and leaseback of Asda’s distribution centres, ahead of their £8.6bn takeover of the supermarket chain. The distribution assets, which total almost seven million sq ft, could be split up into three or four packages. The portfolio includes the supermarket […]
Refrigerated vehicle rental firm Petit Forestier has abandoned its bid to buy leasing company Fraikin Group after opposition from the French Competition Authority.
New research from the Gas Vehicle Network (GVN) has shown that in 2019 almost 80% of the total dispensed volume of gas for transport fuel was biomethane – a renewable and sustainable low carbon option.
Government and local authorities have been urged not to “demonise diesel” but to develop a national framework instead to encourage the take up of modern, clean diesel trucks. The call came at a conference on air quality held by vehicle manufacturers’ association the SMMT.