Over 90% of RBPlat shareholders have accepted the offer so far, including Northam, which will receive about R9bn in cash
Impala Platinum will buy out the remaining shareholders in Royal Bafokeng Platinum before delisting it from the JSE as the next phase of its integration process begins in earnest.
Implats edged out its rival, Northam Platinum, to gain control of the mid-tier platinum group metals producer in May, 18 months after launching its takeover offer that had many twists and turns during the intervening period...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 TimesLive Premium.
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