Avis to launch at R4.5 billion valuation on JSE

[Jan]

Avis owner expects R4.5 billion valuation when it lists on JSE

Barloworld Ltd.’s car-rental business, which will be carved out and listed in Johannesburg next month, will have a valuation of about 4.5 billion rand ($260 million), the unit’s chief executive officer said.

Barloworld has hired Goldman Sachs Group Inc. to advise the diversified South African industrial group on the spinoff and listing of Zeda Ltd., set for Dec. 13, according to stock exchange filings Monday.

 

[_TrXtR_]

Hmm this is weird. Why would they do that? They haven't innovated anything for the last 40 years. This company is next on the tank list.

 

[Pegasus]

Hmm this is weird. Why would they do that? They haven't innovated anything for the last 40 years. This company is next on the tank list.

They bought Avis in 2005.

 

[zulucat]

Woodford is much much much cheaper and you get treated like a customer and not a cash cow