Cumbrian haulier Eddie Stobart has agreed to be bought by the Westbury Property Fund as part of a £1...
Cumbrian haulier Eddie Stobart has agreed to be bought by the Westbury Property Fund as part of a £138m reverse takeover deal. The deal is being funded by an asset swap with the owners of Eddie Stobart buying Westbury's property assets for £142m and incorporating them into their investment vehicle WA Developments International. Among Westbury’s holdings are a port in Runcorn, Cheshire, and a rail terminal in nearby Widnes, which will be combined with Eddie Stobart’s road transport, warehouse and rail freight operations. The closed-ended property investment fund was domiciled in Guernse...
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