Reuters reported that Impala Platinum (OTC Pink:IMPUY), the second-largest platinum miner in the world, plans to sell local black investors a majority stake in its Zimbabwe unit for $971 million.
As quoted in the market news:
Under the deal, Implats will transfer 51 percent of Zimplats to Zimbabwean investors as follows: 10 percent to the community, 10 percent to Zimplats employees and 31 percent to the state-controlled National Indigenisation and Economic Empowerment Fund.
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