Announced
Synopsis
South Africa’s Barloworld Limited sell its underperforming Iberian equipment business to privately-owned Italian group Tesa following a strategic review. Financial terms were not disclosed. This highlighted the underperformance of the Iberian equipment business which has recently undergone a business improvement plan which is expected to improve profitability, although its ability to hit Barloworld’s targeted return remains unclear. “The proceeds will remain offshore to be used to fund future growth initiatives that are currently under consideration,” Barloworld said.
Show Details & Financials
Sort
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.