Esken tumbles again on new Carlyle deal for Southend Airport
CGCarlyle(CG) Proactive Investors·2024-02-19 21:51

Esken, the embattled owner of Southend Airport, has received a proposal that would see it hand over control to private equity firm and loan provider Carlyle. Shares in the former Stobart Group were in freefall again today as the company said it was mulling over the deal, which would see its stake in Southend Airport (LSA) reduced to a “minority interest”. Esken and Carlyle have been at loggerheads for a while, leading the private equity group to demand repayment of a £200 million loan issued to the airport ...