Barloworld buys stake in Manline

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Published Feb 1, 2013

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Johannesburg - South African industrial group Barloworld said on Friday it has acquired a controlling stake in Manline, a diversified logistics provider.

“The transaction involved the disposal of DTS (Dedicated Transport Services) together with a 40 million rand cash contribution, in exchange for shares in Manline,” the company said in a statement. - Reuters

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