https://www.engineeringnews.co.za

Barloworld, Newco extend standby offer closing date to Nov 7

7th October 2025

By: Darren Parker

Deputy Editor Online

     

Font size: - +

Industrial equipment company Barloworld and Newco have agreed to extend the standby offer closing date from October 15 to November 7 to provide Barloworld ordinary shareholders additional time to accept the standby offer.

Newco is a special-purpose company formed to acquire Barloworld. It is owned by a consortium that includes South African company Entsha Proprietary and Saudi Arabia’s Zahid Group subsidiary Gulf Falcon Holding.

This comes after it was announced that Newco had received valid acceptances of its standby offer for 108.25-million Barloworld ordinary shares, representing about 58% of all shares in issue, excluding treasury shares.

When combined with existing holdings by the consortium backing Newco’s acquisition of Barloworld and the Barloworld Foundation, this brings total control to 81.4% of Barloworld shares in issue, excluding treasury shares.

Provided that the consortium receives the compliance certificate from the Takeover Regulation Panel (TRP) in respect of the standby offer by no later than October 7, the settlement of the standby offer will start with an initial payment on October 8, with several payments thereafter, leading to the sixth and final payment taking place on November 10.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.095 1.523s - 122pq - 2rq
Subscribe Now