Barloworld Group, the South African industrial conglomerate led by Dominic Sewela, said it has completed the final step in its acquisition by Newco, clearing the way for its delisting from the Johannesburg Stock Exchange.
Shareholders back offer at over 97 percent
Barloworld and Newco announced that the Standby Offer closed at noon on Nov. 7, 2025, with shareholders holding about 139.5 million ordinary shares roughly 97.6 percent of those eligible accepting the bid. Combined with shares already held by Newco and the excluded shareholders, the consortium will control about 96.5 percent of Barloworlds total issued stock.