Barloworld delays Mongolian acquisition amid Covid-19 disruptions

One of the Hino trucks operated by Barloworld Logistics is seen in this file photograph. Barloworld has warned that the coronavirus is expected to further weigh on its operating environment, already under pressure from weak consumer demand, volatile commodity prices and depressed consumer demand. Picture: MOTOR NEWS

The group said in February it had agreed to purchase Wagner Asia Equipment, though the group now said travel restrictions have delayed the transaction, which had been scheduled to be completed on April 1. The target companies are engaged in the business of selling and distributing construction equipment, mining equipment, power systems and related goods and services in Mongolia, primarily under the Caterpillar brand.Barloworld also warned the coronavirus is expected to further weigh on its operating environment, which had already been under pressure from weak consumer demand in SA, volatile commodity prices and depressed consumer demand.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Second SABC employee tests positive for COVID-19 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The SABC has confirmed that another employee has tested positive for the coronavirus. This second case is from the public broadcaster’s Johannesburg office. Are they're essential workers? I say so too just have a look at this video it's just now now
Source: SABC News Online - 🏆 32. / 51 Read more »