Barloworld’s Khula Sizwe BEE scheme oversubscribed
More than 50,000 applications have been received for the 16.34-million shares
05 June 2019 - 19:40
Barloworld has raised R164m for its Khula Sizwe empowerment transaction after the BEE scheme’s public offer to black investors was oversubscribed, the industrial conglomerate says.
The R3.5bn Khula Sizwe BEE transaction will increase black ownership of the maker of Caterpillar’s construction machinery to 48% from 32%...
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