Sibanye points to S African M&A gold rush

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By Dan Alderson
07 Feb 2017

The speed and success of Sibanye Gold in closing a loan to back its acquisition of US palladium miner Stillwater, has put South Africa in focus for bankers amid talk that two other acquisition deals out of the country could follow soon.

Banks wrapped up the Sibanye syndication at the end of last week, having obtained a “very good oversubscription” according to officials taking part. But the gold miner's quick turnaround from the January 20 bank meeting means that lenders face a wait of several weeks before the buyout is ...

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