Eddie Stobart maps route to growth with £550m float

“Stobart spotters” will be pleased: their favourite truck brand plans to raise £130 million by listing on the London Stock Exchange.

The flotation of Eddie Stobart Logistics, famed for its green and white lorries given women’s names, is likely to take place next month.

A valuation “in excess” of £550 million is expected.

Proposals to list on London’s junior AIM market, which will aid expansion plans, come three years after the haulage giant was split off from the larger Stobart Group.

The firm, currently chaired by William Stobart (the son of Eddie) is majority-owned by a group of funds advised by Manx investment group DBay, while Stobart Group has a 49% stake.