Eddie Stobart wins reprieve as ex owners bail out trucking firm
over 5 years in The guardian
The £75m deal should prevent company going bankrupt before Christmas
Eddie Stobart, Britain’s best-known trucking firm, will be bailed out by its former owners after shareholders on Friday voted in favour of a private equity-style takeover for the struggling company.
Douglas Bay Capital (DBay), backed by the famous trucker’s son William Stobart, will take control of Eddie Stobart’s assets in a £75m bailout that should prevent the company going bankrupt before Christmas. Continue reading...
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