Certainty over deal between Sibanye and Lonmin wanes
Public Investment Corporation, with its 29.3% stake, can block the transaction
19 May 2019 - 19:35
Six months after the Competition Tribunal gave Sibanye-Stillwater’s proposed takeover of UK-registered Lonmin the all-clear, the Competition Appeal Court has come to the same conclusion and dismissed the Association of Mineworkers and Construction Union’s (Amcu’s) appeal, with costs.
The stage is now set for the final phase of a deal that was first presented to shareholders in December 2017. But, for reasons that have nothing to do with Amcu, the deal is beginning to look a little less certain...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.