Barloworld in talks to sell motor retail unit
The unit generated just over a quarter of group revenue — or R12.5bn — to end-September
09 December 2020 - 17:16
Barloworld, which is in the process of paring back the diversified nature of its operations to focus on food procurement and earth-moving equipment, says its in talks to sell its car sales business.
The group has entered into discussions with NMI Durban South Motors (NMI-DSM), a joint venture of the Barloworld Group in which the group holds a 50% interest alongside the Akoo family, to dispose of its motor retail business as a going concern...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.