Implats says it has beefed up its stake in RBPlats to almost a third

Implats says it has beefed up its stake in RBPlats to almost a third

2021-12-02 04:28:00 PM

Implats says it has beefed up its stake in RBPlats to almost a third

The group, which is seeking control of Royal Bafokeng Platinum, says it has inked agreements that will bring its holding to 31.94% of its shares

Karl GernetzkyImpala Platinum (Implats), the world’s third-biggest platinum miner, says it has built up its stake in acquisition target Royal Bafokeng Platinum (RBPlats) to almost a third.Implats surprised the market on Monday with news it had made a R150 per share offer to RBPlats shareholders, seeking at least majority control of its peer...

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02 December 2021 - 09:07 Karl Gernetzky Impala Platinum (Implats), the world’s third-biggest platinum miner, says it has built up its stake in acquisition target Royal Bafokeng Platinum (RBPlats) to almost a third. Implats surprised the market on Monday with news it had made a R150 per share offer to RBPlats shareholders, seeking at least majority control of its peer... B Premium This article is reserved for our subscribers. A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily. Already subscribed? Simply sign in below.