{"id":84443,"date":"2025-02-13T00:00:00","date_gmt":"2025-02-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/"},"modified":"2025-02-13T00:00:00","modified_gmt":"2025-02-13T00:00:00","slug":"ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/","title":{"rendered":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg"},"content":{"rendered":"

Barloworld advised to accept Saudi\u2019s Zahid\u2019s USD 1.2 bn takeover bid: <\/strong>Proxy advisory firms Glass<\/a>Lewis<\/a> and Institutional Shareholder Service<\/a> are reportedly advising shareholders of South African Barloworld \u2014 a provider of construction and mining equipment and services \u2014 to accept Zahid Group<\/a> \u2019s ZAR 22.8 bn (USD 1.2 bn) takeover offer, stating that ZAR 120 apiece is a fair value, Bloomberg<\/a> reports. Independent valuations from Rothschild also support the offer, estimating the stock\u2019s worth between ZAR 105.53-119.43 apiece, despite some shareholders\u2019 earlier refusal<\/a> to sell for less than ZAR 130 per share. <\/p>\n

REFRESHER- <\/strong>Jeddah-based heavy equipment distributor Zahid Group and Entsha placed a<\/a>bid<\/a> to fully acquire Barloworld in December 2024. The bid valued the stock at a premium of 30% to its last closing price before the news surfaced. The pair also offered to pay up a ZAR 3.10 dividend that Barloworld had announced previously, in order to sweeten the arrangement.<\/p>\n

It all hinges on a vote:<\/strong> A final shareholder vote on Wednesday, 26 February will decide if the transaction secures the 75% approval threshold needed to go through. No higher offer is expected, making this a take-it-or-leave-it scenario for investors, the business news information service reports citing sources it says are in the know. <\/p>\n

This is a related party transaction. <\/strong>Zahid has been steadily upping its shares in Barloworld over the last four years and currently holds 19% of the company. The Saudi firm\u2019s investment in the South African firm looks to reap gains from an uptick in construction activity in the African market, with the market set to grow 27% by 2029 on the back of government outlays for infrastructure and strong consumer demand. <\/p>\n","protected":false},"excerpt":{"rendered":"

Independent valuations from Rothschild estimate the stock\u2019s worth between ZAR 105.53-119.43 apiece<\/p>\n","protected":false},"author":1,"featured_media":84444,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[213,161,137],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-equipment","tag-ksa","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"9e7bbbb8-8835-453b-b305-52831d8763d2","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1111.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg","related_issue":[84438],"teaser":"Independent valuations from Rothschild estimate the stock\u2019s worth between ZAR 105.53-119.43 apiece","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.ece1b7c9-be53-4aee-b15f-226ccf74c2cc.mp3"},"yoast_head":"\nKSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg\" \/>\n<meta property=\"og:description\" content=\"Independent valuations from Rothschild estimate the stock\u2019s worth between ZAR 105.53-119.43 apiece\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg\",\"datePublished\":\"2025-02-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\"},\"wordCount\":282,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EQUIPMENT\",\"KSA\",\"M&A WATCH\"],\"articleSection\":[\"M&A Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\",\"name\":\"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-02-13T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/","og_locale":"en_US","og_type":"article","og_title":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg","og_description":"Independent valuations from Rothschild estimate the stock\u2019s worth between ZAR 105.53-119.43 apiece","og_url":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/","og_site_name":"Logistics","article_published_time":"2025-02-13T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg","datePublished":"2025-02-13T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/"},"wordCount":282,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1","keywords":["EQUIPMENT","KSA","M&A WATCH"],"articleSection":["M&A Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/","url":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/","name":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1","datePublished":"2025-02-13T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/13\/ksas-zahids-usd-1-2-bn-takeover-bid-of-barloworld-represents-a-fair-value-bloomberg\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"KSA\u2019s Zahid\u2019s USD 1.2 bn takeover bid of Barloworld represents a fair value -Bloomberg"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/1111.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/84443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=84443"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/84443\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/84438"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/84444"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=84443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=84443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=84443"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=84443"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=84443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}