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UK-based firm opposes Dominic Sewela-Barloworld’s delisting plan
UK-based investor Silchester rejects $1.24-billion offer, arguing it undervalues the company and lacks sufficient shareholder backing.
UK-based investor Silchester rejects $1.24-billion offer, arguing it undervalues the company and lacks sufficient shareholder backing.
The bank’s backing is a key part of the broader R22.8 billion ($1.23 billion) bid, reinforcing its role as a dominant corporate financier on the continent.
This underscores Zahid’s aggressive push to capitalize on Africa’s infrastructure boom amid global interest in the continent’s construction sector.
The potential deal could reshape Africa's heavy equipment market.
Sewela, the group CEO of Barloworld, holds a 0.23-percent minority stake in the South African industrial powerhouse.