Diversified industrial group Barloworld plans to exit its car and leasing business, Avis Budget Southern Africa, by the end of the 2022, but group CEO Dominic Sewela says none of the offers to buy the business have “sufficient merit to be progressed”.
“Significant progress in preparing the business to operate on a stand-alone basis has been made and the separation remains on track to be completed this calendar year,” Sewala said on Monday in its results for the six months end-March...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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