Eddie Stobart drives ahead with £550m float plan

© Brett Critchley

From Land’s End to John o’ Groats, Eddie Stobart Logistics remains one of the UK’s most iconic transport brands and now its gearing up to float itself on the London Stock Exchange’s Alternative Investment Market (AIM). In 2014 it sold a 51% share in the company to Greenwhitestar to raise funds for “the next stage of development”, and now controlling shareholder Greenwhitestar UK has told Stobart Group it intends to seek admission to the AIM in April, with the ambition of raising £550m. Stobart Group chief executive of Alex Laffey said the IPO would provide a strong platform for further growth, with £130m of the new equity set to be ploughed back into the business.