South Africa’s Barloworld in talks with Saudi Arabia’s Zahid Group

Barloworld is in talks with a group of investors that includes a unit of Saudi Arabia’s Zahid Group about the acquisition of the African distributor of Caterpillar Inc. equipment. The Johannesburg-based company, valued at about R16-billion, said the discussions are with a consortium that includes Gulf Falcon Holding — a wholly owned subsidiary of Zahid — and Entsha.