Barloworld finalises steel-tube division sale to management, BEE ...

December 7, 2006

Steel-tube-manufacturing company Robor announced on Thursday that it had officially been bought from its former holding company, Barloworld, by a consortium that included current management, staff and black economically-empowered (BEE) partners, for R480-million...

BEE partner Yard Capital had a shareholding of 18%, with another 10% held by Robor's black management and staff trust, and with Rand Merchant Bank owning 28%.

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