Westbury Property Fund, a Guernsey-registered commercial property and ports company, said it has completed a merger with well-known UK road haulage group Eddie Stobart Holdings. Shares of the new company have been admitted to the London Stock Exchange and will trade under the symbol STOB once the company name is changed to Stobart Group Limited on 28 September.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
