Implats’ shareholding in RBPlat increases to 56.02%

9th June 2023 By: Marleny Arnoldi - Deputy Editor Online

JSE-listed Impala Platinum (Implats) has acquired a further 0.30% of shares in Royal Bafokeng Platinum (RBPlat), taking its shareholding to 56.02%.

Implats has been steadily increasing its shareholding in RBPlat since it made an offer, in January 2022, to acquire all shares in RBPlat for R150 a share.

The company finally managed to garner a majority shareholding in RBPlat through purchasing Public Investment Corporation's stake of 9.2% earlier in June.