£55m Deal to Rescue Eddie Stobart Logistics - Rugby and Daventry Radio Station, Midlands UK            

£55m Deal to Rescue Eddie Stobart Logistics

Written by on November 15, 2019

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Article Published on Friday November 15, 2019 10:00 PM by

- Daventry News -
£55m Deal to Rescue Eddie Stobart Logistics

Daventry News -

Eddie Stobart Logistics has been forced to accept an emergency high-interest loan to avoid a collapse before Christmas that would put more than 6,500 jobs at risk.

The firm is taking a £55m loan from investment firm Dbay Advisors – with interest charged at an initial rate of 25pc. The deal will give Dbay a majority stake in the company, saddling existing shareholders with massive losses.

The news comes a short time after a recently released forecast warning of a half year loss of at least £12m.

Eddie Stobart Logistics has a significant presence in the Daventry area both with Road Haulage and Rail Freight at DIRFT.

On Daventry Radio dcfcce
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