https://www.engineeringnews.co.za

Sibanye, Aquarius deal jumps final hurdle

1st April 2016

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Following ompetition Tribunal approval, Sibanye Gold announced late last month that the final significant condition precedent to its acquisition of Aquarius Platinum had been met.

Sibanye and Aquarius had agreed on the conditions fulfilment date and that the effective date of the transaction would be April 12, with payment occurring within two weeks thereafter.

Sibanye would acquire all the shares in Aquarius for a cash consideration of $0.195 for each Aquarius share.

In January, Aquarius Platinum shareholders approved the deal.

“On the conditions fulfilment date, the parties will confirm that all of the conditions required for the transaction to proceed have been satisfied and exchange executed copies of the amalgamation agreement, as well as other documentation required for the transaction to become effective,” the company said in an update to shareholders.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.043 0.507s - 122pq - 2rq
Subscribe Now