Balwin - offer by Bidco
Balwin announced a firm intention by Bidco, a newly established private company wholly owned by Volker Holdings, to acquire all its scheme shares for R4.35 per share. The offer, subject to regulatory and shareholder approvals, represents a premium of up to 40.95% over the 180-day VWAP. Following the scheme's implementation, Balwin will become a wholly owned subsidiary of Bidco, and its shares will be delisted from the JSE and A2X. The transaction is supported by a consortium of investors, including the GEPF via PIC, and the current management shareholders. Funds for the maximum scheme consideration are confirmed to be in place. A Scheme Circular, including independent expert opinions, will be distributed to shareholders around 18 June 2026.
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