# 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).

- Type: Acquisition
- Announced: 2024-12-11
- Where: Sandton, South Africa
- Value: $1.30B (23.3B ZAR)
- Status: announced
- Products: Caterpillar equipment, equipment remanufacturing
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Barloworld](https://endata.com/companies/6766.md) (target)
- [Zahid Group](https://endata.com/companies/81738.md) (acquirer)
- [Entsha Proprietary Ltd](https://endata.com/companies/81739.md) (acquirer)
- [Gulf Falcon Holding Ltd.](https://endata.com/companies/82276.md) (partner)
- [Entsha Ltd.](https://endata.com/companies/82277.md) (partner)

## Sources

- [im-mining.com](https://im-mining.com/2024/12/12/saudi-cat-dealer-zahid-to-control-49-of-south-africas-barloworld-as-part-of-us1-billion-transaction/), 2024-12-12: "Newco is 51% held by Entsha and 49% by Zahid Group."
- [akm.ru](https://www.akm.ru/eng/news/saudi-zahid-group-intends-to-acquire-south-african-barloworld-for-1-3-billion/), 2025-01-12: "The transaction value is 22.8 billion rand ($1.3 billion) at a price of 120 rand per share."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.