News / Eddie Stobart Logistics raises cash to start M&A investment vehicle

London Stock Exchange Photo 109393095 © Dmitry Naumov - Dreamstime.com

09/12/2020

Eddie Stobart Logistics has announced that it has raised £9m in new financing as part of its strategy to launch an M&A programme.

Last year’s battle for control of the Eddie Stobart group, which saw the household-name haulier, as well as its iForce, Pallet Network and the Logistics People subsidiaries, acquired by investment vehicle Greenwhitestar Acquisitions.

The deal included AIM-listed Eddie Stobart Logistics holding a minority 49% stake in Greenwhitestar, but following this latest investment round the company, described as “cash shell” ...

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Alexander Hopkinson-Woolley
December 12, 2020 at 11:40 am
My wife and I acquired shares in Eddie Stobart (Redmayne Bentley) long before the accounting problems surfaced and do not know what is going on now. She holds 10,000 and I 3,000 shares.
A Happy Christmas to you all and a Merrily busy New Year
Alexander

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