Stobart to sell majority stake in transport and distribution business

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The big news in the UK freight industry this morning is that Stobart Group is selling a £280m, 51% majority stake in its core trucking and logistics arm to a fund management company noted for its 2008 purchase and subsequent sale of TDG to Norbert Dentressangle. The most interesting question is now what strategy new owner DouglasBay Capital, which currently earns the majority of its revenues from its property bank, will have for the revamped Eddie Stobart Logistics brand, as the new company is to be known.