Northam raises the stakes in bidding war for Royal Bafokeng Platinum

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Northam Platinum has made an unsolicited approach to buy all, or a portion, of the shares with voting rights in RBPlat

Northam Platinum has upped the ante in the bidding war for Royal Bafokeng Platinum by making an unsolicited approach to buy all, or a portion, of the shares with voting rights in the smaller platinum miner, which has historic links to the Bafokeng nation.

The overture by Northam, which both it and RBPlat announced via notices on the Stock Exchange News Service on Thursday, did not include details on the financial terms or timing of its proposed takeover of RBPlat...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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