One of the UK's most famous haulage firms - owned by a Manx company - is to float on the Alternative Investment Market next month.
Eddie Stobart Logistics is 51 per cent owned by Isle of Man-based investment firm DBay, which spent £280 million buying the stake in 2014.
Now the Stobart board says it hopes to raise more than £550 million in the initial public offering which will take place in April.
The proceeds will be used to pay down existing debts, fund future growth and pay for acquisitions.
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