October 7, 2019 / 3:45 PM / 11 days ago

South Africa's Impala Platinum to acquire North American Palladium for $758 million

JOHANNESBURG, Oct 7 (Reuters) - South Africa's Impala Platinum Holdings Ltd (Implats) on Monday said it would acquire the outstanding shares in Canadian-based North American Palladium Limited for $758 million.

Implats said the transaction would "reposition its portfolio and strengthen its competitive positioning in line with its stated strategy by acquiring a palladium-rich, operating asset in an established mining jurisdiction". (Reporting by Tanisha Heiberg Editing by Chris Reese)

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