(Bloomberg) -- Impala Platinum Holdings Ltd., the
world's second-biggest platinum producer, will help most workers
at its South African mines together buy about 3 percent of its
stock, valued at about 4.26 billion rand ($587 million).
The company, based in Johannesburg, has made ``capital
contributions of an amount sufficient to finance the
acquisition,'' it said today in an e-mailed statement. The deal
is part of Impala's ``empowerment and transformation
initiative.''
Read more at Bloomberg Emerging Markets News
world's second-biggest platinum producer, will help most workers
at its South African mines together buy about 3 percent of its
stock, valued at about 4.26 billion rand ($587 million).
The company, based in Johannesburg, has made ``capital
contributions of an amount sufficient to finance the
acquisition,'' it said today in an e-mailed statement. The deal
is part of Impala's ``empowerment and transformation
initiative.''
Read more at Bloomberg Emerging Markets News
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