Propco agreed to acquire Property portfolio of Barloworld from Barloworld Limited (JSE:BAW) for R 2.7 billion on December 18, 2018. Propco will obtain external debt of R2 178 million to fund the acquisition. Transaction is subject to Barloworld's shareholders approval. Barloworld's shareholders approved the deal on February 14, 2019. Propco will obtain external debt of R2 178 million to fund the acquisition. Deloitte Southern Africa acted as an accountant, BDO Corporate Finance Proprietary Limited and Basis Points Capital (Proprietary) Limited acted as a fairness opinion provider and Dentons South Africa acted as a legal advisor to Barloworld Limited. Propco CC cancelled the acquisition of Property portfolio of Barloworld from Barloworld Limited (JSE:BAW) on December 18, 2019.