One of the UK's most famous haulage firms - owned by a Manx company - is to float on the Alternative Investment Market next month.
Eddie Stobart Logistics is 51 per cent owned by Isle of Man-based investment firm DBay, which spent £280 million buying the stake in 2014.
Now the Stobart board says it hopes to raise more than £550 million in the initial public offering which will take place in April.
The proceeds will be used to pay down existing debts, fund future growth and pay for acquisitions.
FSA releases new progress report on financial crime defences
Changes planned for how government-run companies prepare accounts
New business guide deals with stopping WMD financing
Office space up for rent at Ronaldsway Airport
Have your say on the future of the Island's economy
Port St Mary hosts first business support drop-in session today
Government releases guidance for businesses ahead of vape tax
Survey shows low approval rating for Island clothing shops
Comments
Add a comment