Support an Saudi offer to acquire Catpeberler's work in Africa

The Barloword Ltd Advisory Company has recommended the acquisition of the ‘Caterpillar’ equipment unit in Africa, considering that the agreement is fair. A unit of the Saudi -“Zahid Companies Group”, along with local partners, has submitted an offer of 120 Randa for the share, with a total of 23 billion rand ($ 1.2 billion), reflecting the fair value according to the “Institutic Shareholders Services Inc.ss) and” Glass Lewis ” -Businesses also did on the process of negative investigation. “Barlaworld,” will reject any offer less than 130 Randa for the arrow. The ‘Gulf Falcon Holding Ltd’ and ‘Enta Ltd’, a company associated with ‘Barlaworld’ CEO Dominique Sovla, announced the offer last December and then represented a 30% bonus on the closing price on that day. It is noteworthy that the Saudi group started collecting shares five years ago and currently has a 19%stake. According to well -known people, they asked not to disclose their identities, the price offered is final and a higher offer will not be made. The bet on the construction boom in Africa, the Saudi group “Zahid”, which is distributed for heavy equipment, relieves the wealth of the construction sector in Africa, driven at an accelerated rate of urban expansion, the growth of the middle class and the increase in investment in the governments in infrastructure. According to the online research business “Sabint” in Africa, the industry could grow at an annual growth rate of 6.4% by 2029 to reach its market value to $ 75 billion. Companies in the Middle East want to invest in Africa, in light of the region’s competition to influence players with a fixed presence, China and France. In the energy sector, Aqua Power, Saudi Arabia, signed a memorandum of understanding to invest $ 10 billion in the renewable energy sector sector in South Africa during the next decade. Dubai World Ports, Emirati, performs 9 ports on the continent and the South African transport company, “Imberial Logistics Ltd”.