
The Canal & River Trust has finalised the sale of its wholly-owned marina subsidiary, BWML, in a transaction that sees Lloyds Development Capital (LDC) invest in the business, supporting the existing management team.
Stuart Mills, Chief Investment Officer at the Canal & River Trust, says: “We are delighted to have completed the sale of BWML and will be investing the proceeds into other income-generating assets to support our core work of caring for the nation’s canals and rivers.
“BWML is performing well and we believe its prospects for future growth are good. Coupled with the expertise of LDC we believe the business will benefit and, by extension, its boating customers will Continue reading “Canal & River Trust finalises sale of BWML”