HomeBase MetalsSibanye-Stillwater updates development in Sandouville transaction

Sibanye-Stillwater updates development in Sandouville transaction

Sibanye-Stillwater has announced that following the signing of the exclusive Put Option Agreement, which was announced on 30 July 2021, the Share Purchase Agreement (SPA) has now been signed to acquire 100% of the Sandouville nickel hydrometallurgical processing facility from Eramet SA.

The signature of the SPA follows the successful completion of the information-consultation process with the employee representative bodies of Eramet Sandouville and Eramet, who have rendered a favourable opinion of the Transaction.

The Transaction has also received the key regulatory approvals of the South African Reserve Bank and clearance from the French Foreign Investment Control Office.

Sibanye-Stillwater and Eramet continue to work on the remaining conditions precedent, which include approval for the transfer of permits and carve out arrangements, with these expected to be fulfilled by early next year.

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