- Eddie Stobart Logistics confirmed media reports it had received a proposal from a fund managed by DBAY Advisors to acquire a controlling interest in the company.

Under the terms of the proposal, the fund would acquire a 51% stake in a new holding company, with existing shareholders retaining their 49% stake.

As part of the proposal, the fund would inject approximately £55m of financing into the group's operations to strengthen the balance sheet.

Story provided by