Impala Platinum (Implats) has acquired a further 866,300 shares in Royal Bafokeng Platinum (RBPlat), which constitutes 0.30% of the latter’s shares in the issue.
Implats will hold RBPlat shares comprising an aggregate of about 56.02%.
RBPlat recently said it was highly concerned about the continuous delays in the conclusion of the acquisition bid made by Implats in January last year.
The platinum group metals miner said that the acquisition had already been disclosed to the Takeover Regulation Panel (TRP).
Implats obtained a majority position in RBPlat earlier this month by acquiring Public Investment Corporation's 9.2% stake.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
Implats will hold RBPlat shares comprising an aggregate of about 56.02%.
RBPlat recently said it was highly concerned about the continuous delays in the conclusion of the acquisition bid made by Implats in January last year.
The platinum group metals miner said that the acquisition had already been disclosed to the Takeover Regulation Panel (TRP).
Implats obtained a majority position in RBPlat earlier this month by acquiring Public Investment Corporation's 9.2% stake.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
