Zahid Group and Entsha to acquire Barloworld for US$1.3 billion

A consortium comprising Entsha Proprietary Ltd (51%) and Zahid Group (49%) has made a firm offer to acquire all shares of Barloworld, the largest Caterpillar dealer in Africa, for ZAR120 per share, valuing the company at ZAR23.3 billion (about US$1.3 billion).

“Newco is 51% held by Entsha and 49% by Zahid Group.”im-mining.com

• 2 sources
• im-mining.comSaudi Cat dealer Zahid to control 49% of South Africa's Barloworld as part of US$1 billion transaction - International MiningPaul MooreDec 12, 2024
• akm.ruSaudi Zahid Group intends to acquire South African Barloworld for $1.3 billion | AKM ENAK&MJan 12, 2025

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