Yodel secures rescue deal led by rival Shift

Yodel vans

Source: Yodel

Parcel delivery group Yodel has been acquired by a privately funded consortium led by executives of rival company Shift for an undisclosed sum.

A newly formed company, YDLGP, which is backed by executives at parcel delivery group Shift and investment bank Solano Partners, struck a deal for an undisclosed amount to rescue Yodel this morning, as first reported by Sky News.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now