Barloworld Nears Delisting as Newco Secures 90.7% Controlling Stake
Industrial equipment firm Barloworld is approaching full private ownership as Newco consolidates control over 90.7% of ordinary shares. The extended tender period allows remaining shareholders to complete transactions ahead of anticipated delisting.
Private Ownership Transition Accelerates
Industrial equipment company Barloworld is reportedly nearing the final stages of its transition to private ownership, with consortium-backed Newco now controlling 90.7% of the company’s ordinary shares, according to recent reports. Sources indicate this significant milestone positions the company for potential delisting from public exchanges once formal requirements are met.