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