Barloworld to unbundle freeworld coatings

Article Type: Industry news From: Pigment

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.