Stobart Rail & Civils for sale?

Stobart Group may now be looking for a buyer for its Rail & Civils business.

Following earlier reports that Stobart Group would “withdraw from the Rail & Civils business” by February 2022, a new twist in the story has emerged on Twitter.

A company spokesperson wrote, under the headline “BUSINESS AS USUAL”:

It’s the start of an exciting new chapter for us. We have a number of identified interested parties who are better placed to invest in our Rail & Civils division. It’s an evolving and exciting time and the potential investment will help stabilise and grow the business through these difficult times of COVID, lockdown and beyond. Exciting times ahead, watch out for further updates!!

It would seem that Stobart Group’s board is looking for an alternative solution.

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