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Saudi Offers $1.3B to Acquire South Africa’s Barloworld
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Saudi Offers $1.3B to Acquire South Africa’s Barloworld
Saudi Arabia’s Zahid Group and its partners, Gulf Falcon Holding and Entsha, have proposed a $1.3 billion buyout of South Africa’s Barloworld. The deal values the construction equipment firm at 22.8 billion rand (120 rand per share), a 30% premium over its last closing price. Barloworld is a key Caterpillar Inc. distributor in Africa. The … The post Saudi Group Offers $1.3 Billion to Acquire South Africa’s Barloworld first appeared on Metropol D…
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