Platinum group metals producer Impala Platinum (Implats) has again raised its stake in Royal Bafokeng Platinum (RBPlat), from the 40.11% announced on September 19 to 40.46%.
Implats announced on September 29 that it had concluded agreements to acquire about one-million additional RBPlat shares, constituting about 0.35% of the RBPlat shares in issue.
Implats indicated its intention to acquire more RBPlat shares in future, subject to potential prohibitions in the Companies Act and the Takeover Regulations.