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).