Barloworld has been formally taken over by a consortium led by Saudi Arabia’s Zahid Group, with the company now set to exit the JSE and A2X. <\/p>\n\n\n\n
Barloworld is a JSE-listed industrial company and is the only distributor of Caterpillar construction equipment in Southern Africa.<\/p>\n\n\n\n
The company has now been acquired by Newco, which comprises Gulf Falcon Holding, a subsidiary of Saudi Arabia\u2019s Zahid Group, and Entsha, a company linked to Barloworld CEO Dominic Sewela. <\/p>\n\n\n\n
In November 2025, Barlworld told shareholders that Newco’s R23 billion Standy Offer was closed, having been accepted by 97.6% of the Standy Offer Shares. <\/p>\n\n\n\n
Newco announced that it intended to invoke section 123 of the Companies Act to acquire all of the Barloworld Ordinary Shares already held compulsorily for R120, which is known as a squeeze-out. <\/p>\n\n\n\n
The squeeze-out was successful, and Newco’s compulsory acquisition of the remaining Barloworld Shares took place on 22 January 2026, having paid the necessary consideration for the shares. <\/p>\n\n\n\n
The company has now announced that the Barlworld Ordinary Shares will be delisted from the JSE and A2X on Tuesday, 27 January. <\/p>\n\n\n\n
The takeover has faced criticism from pre-consortium shareholders, who were alarmed by Sewela’s involvement in the deal. <\/p>\n\n\n\n
The original\u00a0Scheme Arrangement for the takeover failed to receive the requisite shareholder approval, which triggered a standby offer.
The offer was also recently increased following a ruling by the Takeover Regulation Panel that an additional R225 million was required due to changes to the scheme consideration and the standby offer. <\/p>\n","protected":false},"excerpt":{"rendered":"
Barloworld has officially been acquired by a consortium led by Saudi Arabian investors, and is set to delist from the JSE next week. <\/p>\n","protected":false},"author":95,"featured_media":838826,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[12410,24591,175,21550],"class_list":["post-848681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-a2x","tag-barlworld","tag-jse","tag-zahid-group"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=848681"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848681\/revisions"}],"predecessor-version":[{"id":848696,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848681\/revisions\/848696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/838826"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=848681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=848681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=848681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}