Iconic haulage firm Eddie Stobart is merging with Guernsey-based Westbury Property Fund in a reverse takeover deal, which will see Stobart bought by Westbury for £138m and Westbury's property portfolio taken over by Stobart parent WA Developments for £142m.
The move will create Stobart Group Limited, which will launch on the London Stock Exchange next month, and, with the purchase of O'Connor Group, will enable the haulage firm to become a multi-modal logistics provider.
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