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Stobart to sell controlling percentage

Stobart Group are selling 51 per cent of their haulage business Credit: PA

The Stobart Group are selling a controlling 51 per cent of their road haulage business, Eddie Stobart.

A private-equity investor from the Isle of Man, DBAY Advisors, will take on the stake for £280.8million.

William Stobart, the current chief operating officer, will leave the company's board to become chief executive of Eddie Stobart Logistics.

The deal will allow Stobart Group to pay off £100million of debt, as well as investing £55million in their biomass division.

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Eddie Stobard a UK 'superbrand'

Eddie Stobart is one of the 67 UK 'superbrands' Credit: PA

Cumbrian haulage firm Eddie Stobart has made into the list of "superbrands" for 2014.

Only 67 firms across the country are given the title by the survey, which is decided by an independent panel of experts every year.

The haulier, which originated in Hesket Newmarket, now operates a fleet of 2,500 trucks and 4,000 trailers.

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Truckers release '12 days of Christmas' parody

Ten truckers who drive for Eddie Stobart, have released a Christmas single to raise money for charity.

They've recorded a special rendition of '12 days of Christmas', in aid of Help for Heroes.

The transport company have a close relationship with the armed forces, with over one in ten of their drivers coming from a military background.

"We are delighted that Eddie Stobart is releasing a Christmas single to fundraise for Help for Heroes.

"The money it raises will help our iconic British charity, Help for Heroes, provide lifelong support for those who have suffered life changing injuries or illnesses while serving our country."

– Bryn Parry, Help for Heroes Co-founder and CEO

Eddie Stobart Truckers: 12 Days of Christmas is available to download now from all major music retailers.

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