Saudi's $1.2 Billion Barloworld Deal Receives Strong Support from Top Advisory Firms

In a significant development, Saudi Arabia's Public Investment Fund (PIF) is poised to move forward with its proposed acquisition of a $1.2 billion stake in South Africa's Barloworld Limited, with prominent advisory firms Glass, Lewis & Co. and Institutional Shareholder Services (ISS) throwing their support behind the transaction. This endorsement marks a critical step for PIF as it seeks to strengthen its investment portfolio through strategic partnerships in diversified sectors.

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