Stobart Group has announced it has gained total control of Everdeal Holdings Limited, the holding company of Stobart Air (Dublin International), after it acquired the remaining 19% interest.

In October last year, Stobart Group increased its shareholding in Everdeal "to beyond 80%" after it acquired a stake of "up to 40%" from Invesco Asset Management Limited for over GBP500,000 (USD615,092).

In the same announcement, Stobart Group said it has now also taken full control of Propius Holdings Limited after it completed the acquisition of the remaining 33% stake from Aer Lingus (EI, Dublin International).

The UK-based logistics giant said the transaction, first announced in November last year, was valued at USD14.7 million. Based in the Virgin Islands, Propius Holdings owns eight of the ATR72-600s Stobart Air operates.