--Esken Ltd. has agreed to sell a 30% interest in London Southend Airport to private-equity major Carlyle Group Inc., Sky News reports, citing unnamed sources.

--The deal is expected to raise 120 million pounds ($169.3 million) for the financially troubled parent of Stobart Air, and would be structured as a convertible bond, according to Sky News.

Full story: https://bit.ly/3pOYfaq

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

June 14, 2021 09:01 ET (13:01 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Stobart Group Ld (LSE:STOB)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Stobart Group Ld Charts.
Stobart Group Ld (LSE:STOB)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Stobart Group Ld Charts.