BAVARIA Industries Group AG (XTRA:B8A) acquired Stobart Rail Limited from Stobart Holdings Ltd. for £2.9 million on July 14, 2020. Under the terms, an additional cash consideration of up to £2.9 million may be received based on the outcome on conclusion of a single legacy contract. Stobart Rail Limited reported net liabilities of £11.8 million as of February 29, 2020. A total of 188 employees of Stobart Rail Limited will be transferred as part of the transaction. Kerry Bailey, Chris Skey, James Garside, Joseph Powell and Kerry Bailey of BDO International Limited acted as financial advisor to Stobart Rail Limited. BAVARIA Industries Group AG (XTRA:B8A) completed the acquisition of Stobart Rail Limited from Stobart Holdings Ltd. on July 14, 2020.