It will make an announcement regarding an £85 million investment package aimed at assuaging investors’ fears regarding its future.
Yodel, which was formerly owned by the Barclay family, who also owns The Daily Telegraph, will announce that Paypoint, a London-listed company, and Independent Growth Finance, a specialized lender, have chosen to provide the additional funding, according to information obtained by News.
The agreement would be revealed as soon as Thursday afternoon, according to sources.
According to those close to Yodel, the parcel delivery firm will be placed on a sustainable foundation after it reached an acquisition deal earlier this year with YDLGP, a newly established company.
A Yodel spokesman revealed on Thursday that the company would instead function as a separate organization following a strategic study that evaluated its suitability for a merger with the Shift Group and Tuffnells. The transaction’s fate has been cloaked in mystery for months.
It is believed that Yodel hired the restructuring expert Interpath Advisory in recent weeks in an attempt to get further funding.
