MAJOR diversified industrial group Barlows said in Johannesburg on Friday that the Spanish Stock Market National Committee has approved a public offer of 2350 pesetas (R93,76) a share for the delisting of its subsidiary Finanzauto from the Spanish bourse. With minorities owning 1,2-million shares, representing 5,7% of the issued share capital, the offer is worth about R110-million. Finanzauto is Barlows’ Caterpillar earthmoving equipment and engine dealership for Spain, and through subsidiary STET, in Portugal. It has an annual turnover of R2,9-billion. Barlows CE Tony Phillips said the decision to delist is part of the strategy to build Barlows into a single integrated global industry brand management company.