Impala Platinum of South Africa has made a bid to buy Royal Bafokeng, a metals producer.

Africa

Impala Platinum of South Africa has made a bid to buy Royal Bafokeng, a metals producer.

November 29, 2021November 29, 2021

Impala Platinum of South Africa announced on Monday that it intends to make a cash-and-stock bid to buy smaller platinum group metals producer Royal Bafokeng for 150 rands per share.

Royal Bafokeng said in a separate statement that its independent board does not have an opinion or recommendation on the merits of the offer at this time.

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