Sibanye-Stillwater to exchange assets for a 38 pct stake in DRDGOLD

DrdGOLD

22/11/2017 06:41

JOHANNESBURG, Nov 22 (Reuters) - South Africa's 
Sibanye-Stillwater  SGLJ.J  said on Wednesday it would exchange 
certain surface gold processing assets and tailings storage 
facilities for a 38 percent stake in DRDGOLD  DRDJ.J .  
    The platinum and gold producer added it will have the option 
to buy more shares in DRDGOLD to attain a 50.1 percent 
shareholding through an option agreement.  
 
 (Reporting by Nqobile Dludla; Editing by Amrutha Gayathri) 
 ((nqobile.dludla@thomsonreuters.com; +27117753126; Reuters 
Messaging: nqobile.dludla.thomsonreuters.com@reuters.net)) 
 
Keywords: SIBANYE GOLD M&A/DRDGOLD