Implats has made a firm offer to acquire RBPlat at R150 per share, enhancing its strategic stake in the PGM industry while delivering socio-economic benefits to the local communities.
Target Information
Implats has made a firm intention to acquire all the outstanding shares of RBPlat that it does not currently hold at a price of R150 per share. This offer includes a cash component of R90 and the exchange of 0.30 Implats shares for each RBPlat share held. This acquisition reflects a substantial 80% premium based on the 30-day volume-weighted average price (VWAP) calculated from the closing RBPlat share price on October 26, 2021.
The acquisition will enable Implats to enhance its production capacity and solidify its market position by controlling a significant stake in RBPlat, an important player in the platinum group metals (PGM) industry. This deal presents a strategic opportunity to reinforce the company's operational footprint in the region, thus benefiting all stakeholders involved.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview
South Africa is a critical player in the global PGM market, being the largest producer of platinum, palladium, and rhodium. The mining industry in the country plays a crucial role in its economy, contributing si
Similar Deals
Implats
invested in
RBPlat
in 2021
in a Buyout deal