CAPITAL MARKETS

Higher bid likely for Zimplats

ZIMBABWE Platinum Mines says a $5 per share offer could be in the offing from Barbican Holdings, a financial services group listed on the Zimbabwe Stock Exchange with assets reportedly worth more than US$10 billion.

Michael Quinn

Higher bid likely for Zimplats

The offer values Zimplats at $450 million and is well ahead of Impala Platinum's current bid of $364 million, or $4.08 per share. It is also nearer the value analyst Keith Goode ascribed Zimplats at...

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