Barloworld confirmed its intention to dispose of its interest in coatings through a distribution of the ordinary shares of coatings held by Barloworld to the Barloworld ordinary shareholders.
The unbundling will have a number of benefits, including:
unlocking the value gap between Barloworld's intrinsic value and its market value; and the creation of a more focused Barloworld Group, the company reported.
Architectural coatings are becoming increasingly robust as we move into the 21st century. Consumers demand that coatings be more stain repellent or easy-to-clean. To meet this demand, paint companies advertise highly cleanable,…