Eddie Stobart joining Stock Market
Eddie Stobart joining Stock Market Communiqué : 15 August 2007 Stobart Group Limited is to be created through a proposed merger of The Westbury Property Fund Limited and Eddie Stobart Group. The new enlarged business should bring customers a truly integrated transport and logistics solution, combining road, rail and ports activities. A combination of road, rail and ports activities are well placed to serve environmentally and cost-conscious customers. The Westbury Property Fund Limited (‘Westbury’), the commercial property and ports company, announces a proposed merger1 with Eddie Stobart Group (‘Eddie Stobart’), one of the most recognised brands2 in the UK. The new, enlarged company, to be known as Stobart Group Limited, will have net assets of over £250m. The merger brings together two companies which see huge commercial and environmental benefits of combining road transport and storage with rail freight and waterborne transport systems, thereby offering customers a truly integrated