ARB Holdings eyes delisting after R700m offer from Masimong and Sabvest

Electrical wholesaler and lighting distributor ARB Holdings may delist from the JSE after receiving a R696.8m offer for all of its shares not held by its founding family, the Burkes.

The group, which was listed on the JSE in 2007, has a lighting business and also provides electrical cabling and overhead line equipment. Many other family-owned companies would probably also be considering delisting from the JSE, said Clark, with the offer to ARB an elegant one, keeping the family in control, while also having long-term investors on board who know how to run a family business.

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