Staff Writer
Barloworld Limited has confirmed that its ordinary shares will be delisted from the Johannesburg Stock Exchange (JSE) and A2X following the completion of a compulsory acquisition by Newco.
The company said Newco exercised its rights under Section 124(1) of the Companies Act 2008 to compulsorily acquire all remaining Barloworld ordinary shares that were not taken up under the earlier standby offer.
The compulsory acquisition was completed on Thursday, 22 January 2026, with payment made in line with legal requirements.
The delisting, first announced in November 2025, will take effect from the start of trade on 27 January 2026. Both the JSE and A2X have approved the delisting in line with their listing rules.
Barloworld said all regulatory and shareholder processes linked to the standby offer and the compulsory acquisition have now been finalised.
Financial and legal advisers to Newco on the transaction included Deutsche Bank, Standard Bank of South Africa, Tamela Holdings, Bowmans, Webber Wentzel and Ashurst.
The delisting brings an end to Barloworld’s listing on public markets, with the company now fully owned by Newco.
Barloworld Equipment, a subsidiary of Barloworld, operates across several African countries, including Namibia, Angola, Botswana, Eswatini, Lesotho, Malawi, Mozambique, South Africa, Zambia, Zimbabwe and the Katanga province of the Democratic Republic of Congo (DRC).
In Namibia, the company supplies and supports Caterpillar and other heavy equipment used in mining, construction and related sectors.
Its operations are based in Windhoek, Walvis Bay and Swakopmund, where it provides marine power solutions, industrial and electric power services, oil and gas support and equipment maintenance.
The company has also indicated its intention to take part in Namibia’s oil and gas industry.
Caption
Barloworld Limited will be delisted from the Johannesburg Stock Exchange (JSE) and A2X.
- Photo: Contributed
