Stobart shareholders get £31.1m after partial sell-off of its trucks

Stobart has partially sold the iconic Eddie Stobart truck business
Infrastructure and support group Stobart yesterday announced that its partial sale of the iconic Eddie Stobart truck business had enabled it to returned £31.1m to its shareholders.

The £195.6m sale also helped it to repay in full a £100m loan from M&G Investment Management.

In the period between 1 March to date, the Warrington-based group said it had enjoyed a busy and productive start to the year following the sale in April.

It said: “The group remains confident of delivering growth and good returns for shareholders over the coming years as it continues its strategy of investment, optimisation and realisation.”

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