Impala Platinum Holdings Limited (JSE:IMP) made an offer to acquire additional 34.5% stake in Royal Bafokeng Platinum Limited (JSE:RBP) from Northam Platinum Holdings Limited (JSE:NPH) for ZAR 13.1 billion on July 20, 2023. The consideration will be paid in combination of ZAR 9 billion in cash and 30 million shares of Impala Platinum Holdings. J.P. Morgan Securities South Africa Proprietary Limited acted as financial advisor to Impala Platinum Holdings Limited (JSE:IMP).

Impala Platinum Holdings Limited (JSE:IMP) completed the acquisition of additional 41.8% stake in Royal Bafokeng Platinum Limited (JSE:RBP) from Northam Platinum Holdings Limited (JSE:NPH) for ZAR 13.1 billion on July 21, 2023. Shareholders of Royal Bafokeng Platinum have accepted the deal. Capital Markets South Africa (Pty) Ltd and The Standard Bank of South Africa Limited acted financial advisor to Impala. Alchemy Law Africa, ENSafrica and Nortons Inc. along with Davis Polk & Wardwell London LLP acted as legal advisor to Impala.