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Wincanton chief executive Adrian Coleman has poured cold water on breaking up the group as the company reported rising profits for the year ending March.
Major shareholder Gatemore Capital last month called on Wincanton to sell one of its two divisions, Retail and Industrial Transport, and refocus the business to help fund the retirement scheme deficit.
But Mr Coleman told The Loadstar there was “no value” in breaking up the group, adding that the latest results were evidenc of Wincanton’s strengths.
“One of our shareholders believes Wincanton is undervalued,” ...
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