A Scottish company that has nearly 200 years of history has been sold.
The company, which employs around 5,000, was sold for almost £110 million across two stages.
Menzies Distribution was the subject of a takeover by European giant InPost with the 70 per cent stake costing £60.4m, The Herald team reported this week.
The deal comes less than six years after the road haulage business was sold by its parent company John Menzies, which dates which dates from 1833, to private equity group Endless for £74.5m, with John Menzies then severing its historic ties with the newspaper trade to focus on its aviation services operations.
Trump's Aberdeen golf course racks up 11th straight year of losses
Donald Trump's Aberdeenshire golf course has reported deepening losses in 2023 despite a surge in turnover, while the opposite was the case at the family's Turnberry resort in South Ayrshire.
It marks the 11th straight year of losses for Trump International Scotland - whose directors are listed as the former US president's sons Donald Jr and Eric Trump - taking the total deficit to more than £16m.
Scotland's chief entrepreneur quits, citing 'draining' right wing attacks
The chief entrepreneurial advisor to the Scottish Government has quit the role, citing the “draining” effects of right-wing attacks.
Mr Logan, who helped build Edinburgh-based Skyscanner into one of Scotland's first tech “unicorns”, authored the Scottish Technology System Review and has since remained with the Scottish Government, working on entrepreneurial policy.
Timetable for transformation of city centre streets revealed
The timetable for the biggest transformation of Glasgow’s public realm in half a century has been revealed.
Funded through the City Deal and other Government streams, the programme involves the transformation of major thoroughfares including Argyle Street, the Broomielaw and Clyde Street, as well as George Square and surrounding streets.
The reworking of Sauchiehall, Pitt and Cambridge Streets is already nearing completion, but the new phase will see a major acceleration and expansion of the Avenues across the city centre.
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