Barloworld concludes sale of Iberian Equipment operations

12th June 2018

By: Anine Kilian

Contributing Editor Online

     

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The sale of JSE-listed Barloworld’s lossmaking Iberian Equipment operations to Italian group for R2.18-billion has closed.

“The closing of the sale of Iberia is the first milestone in redeploying the group’s capital,” the company said in a statement on Tuesday.

Barloworld further noted that it is focused on reducing capital deployed where the returns are below the company’s hurdle rates of return.

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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