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Barloworld To Unbundle Freeworld Coatings
November 20, 2007
By: KERRY PIANOFORTE
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.
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