PLATINUM
Analysts question the wisdom of Northam’s grab for RBPlat
Northam Platinum gatecrashes planned takeover of RBPlat with offer R17bn for a third of the company
09 November 2021 - 09:42
UPDATED 09 November 2021 - 23:13
Northam Platinum gatecrashed a planned takeover of Royal Bafokeng Platinum (RBPlat), offering R17bn for a third of the company in a surprise move that knocked off course Impala Platinum’s (Implats) planned tie-up with the mid-tier platinum group metals (PGM) producer.
The clamour for RBPlat assets first came to light two weeks ago when RBPlat and Implats said they were exploring a potential transaction...
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