Barloworld to list Avis as a new business in December

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The diversified industrial group will unbundle its stake in the car-hire firm and list its car rental and leasing business as the Zeda Group

Barloworld will unbundle its stake in car-hire firm Avis SA and list its car rental and leasing business, which includes Avis and Budget, separately on the JSE as the Zeda Group next month.

The deal was finally confirmed on Monday in the annual results of the diversified industrial group for the year to end-September...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 TimesLive Premium.

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