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Nightfreight flotation

26th May 1994, Page 10
26th May 1994
Page 10
Page 10, 26th May 1994 — Nightfreight flotation
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• Dealing of shares in Nightfreight began this week following last week's flotation of the Liverpool .based carrier.

Around Lim of the £16m cash raised will form a capital injection which will be used to reduce debt and could lead to fresh acquisitions and an expanded freight network, including 15 new depots. The move comes a month before the planned opening of a new hub in the Irish Republic which will be served by a network of hauliers in both the north and south, In the UK Nightfreight operates a fleet of 350 vehicles from a network of 38 depots with its main hub at Willenhall in the West Midlands.

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