Implats says it has state agreement on expected RBPlat merger benefits

Impala Platinum says it has concluded a framework agreement with the department of trade, industry & competition related to its proposed takeover of Royal Bafokeng Platinum.

Competition Tribunal approval is the last major condition holding back the takeover, and earlier in August, an RBPlat attorney accused the department of “gross failure” after it failed to submit feedback timeously...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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