On Air Now More Music 2:00AM - 8:00AM Email
Now Playing Empress Snow Patrol Download

Manx business announces £55m rescue bid

A Manx company's announced a proposed £55 million rescue bid for one of the UK's best-known logistics firm.

DBAY Investors says its DouglasBay Capital III Fund would take a 51 per cent stake in a new holding firm for Warrington-headquartered Eddie Stobart.

DBAY already has a 10 per cent stake in the road haulage company, and made an expression of interest in it in September.

Eddie Stobart's board says it's currently considering the offer.
 

More from Isle of Man Business

Recently Played

Listen Live