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Sibanye wins final regulatory go-ahead for Lonmin deal

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The Competition Appeal Court gave the green light to Sibanye-Stillwater's takeover of Lonmin.

File: The ruling is a victory for Sibanye in its ambitions to create the world's second-biggest platinum producer.in a deal that aims to create the world's second-largest platinum producer.

Lonmin's biggest mining union, the Association of Mineworkers and Construction Union , had filed an appeal to try to block the deal or have it re-examined in"The appeal fails," Judge Dennis Davis said in his written judgement.that values Lonmin at $288.83-million on the basis approved by the Competition Tribunal last November, said HB Senekal, a lawyer representing Sibanye who was in court.

 

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