Northam granted the right to intervene in Implats-RBPlat merger hearings

📆 23-06-22 17:07:00
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Competition Tribunal rules Northam can give evidence only on the proposed merger’s effects on the ore-processing market and on junior miners 🔒

Platinum miner Northam has been granted the right to give evidence at the merger hearings between Impala Platinum and Royal Bafokeng Platinum, a move that is likely to further delay the takeover bid.

In November, Implats offered R150 a share for all of RBPlat, after steadily increasing its ownership to 37.83% in a deal that was to have been completed by August 8...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.

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