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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 potential deal could reshape Africa's heavy equipment market.
The group’s revenue for the period under review was R15.6 billion ($827.67 million), reflecting a 5.5-percent decrease from R16.5 billion ($874.29 million) in the previous year.
Sewela, the group CEO of Barloworld, holds a 0.23-percent minority stake in the South African industrial powerhouse.