Impala Platinum's Royal wedding - Abax Investment’s Anthony Sedgwick

Abax Investment’s co-founder Anthony Sedgwick sheds light on Impala Platinum’s bid to take over mid-tier miner Royal Bafokeng Platinum (RBPlats) in a deal that values the precious metals producer at R43bn. Abax, along with several other large asset managers, has sold just under 25% of the business to Impala for R150 per share, in a part-cash, part-share deal. Competitor Northam Platinum recently acquired a 33% stake from RBPlats’ largest shareholder, Royal Bafokeng Holdings, which was valued at R17bn for a consideration of R180.50 per share. Interestingly, Abax is a shareholder in both Impala and Northam and Sedgwick gives us an idea of what this new consolidated mining asset could mean for both parties.  Learn more about your ad choices. Visit megaphone.fm/adchoices