Stobart announces plans to sell majority stake in logistics company

March 14, 2014

Stobart Group’s transportation and distribution business is to be floated as a private company called Eddie Stobart Logistics after it sold 51 percent of its stake.

The majority share was bought by funds managed by DBAY, an asset management firm based in the Isle of Man. Eddie Stobart Logistics will still retain its family heritage, with William Stobart becoming CEO of the company.  (more…)