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Implats again pushes back timing on RBPlat acquisition amid Northam intervention

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The precious metals group now expects its offer to close on September 16, having guided August 5 previously

Impala Platinum has pushed back the timing on its proposed acquisition of a controlling stake in Royal Bafokeng Platinum for a second time following an intervention by Northam in competition proceedings.

Implats said in a statement on Friday it now expects its offer to close on September 16, having guided August 5 previously, and June 17 before that...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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