Saudi Arabia’s Zahid Group Eyes Acquisition of South African Giant Barloworld
In a move that could significantly alter the landscape of heavy machinery distribution in Africa, Saudi Arabia’s Zahid Group is reportedly in negotiations to acquire Barloworld Ltd., a leading South African distributor of Caterpillar Inc. machinery. The potential acquisition is valued at approximately 16.4 billion rand, or around $886 million. This development follows an April …
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