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Real Economy News in Real Time
R/€ = 15.84 Change: -0.19
R/$ = 13.55 Change: -0.12
Au 1267.45 $/oz Change: -0.65
Pt 867.50 $/oz Change: 3.33
 
 
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Barloworld concludes sale of Iberian Equipment operations

12th June 2018 BY: Anine Kilian
Contributing Editor Online

The sale of JSE-listed Barloworld’s lossmaking Iberian Equipment operations to Italian group for R2.18-billion has closed.

“The closing of the sale of Iberia is the first milestone in redeploying the group’s capital,” the company said in a statement on Tuesday.

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Barloworld further noted that it is focused on reducing capital deployed where the returns are below the company’s hurdle rates of return. 

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EDITED BY: Chanel de Bruyn Creamer Media Senior Deputy Editor Online
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