Loading ...Appian Capital Advisory is taking Sibanye-Stillwater (JSE: SSW) (NYSE: SBSW) to the High Court in London over the South African miner’s decision to ditch a multi-million deal to acquire nickel and copper mines in Brazil.
The British investment firm, advising two affiliated private equity funds which own the Santa Rita nickel and Serrote copper mines in Brazil, said the transaction was worth over $1.2 billion and called Sibanye’s failure to close on it “unlawful.”
Sibanye-Stillwater faces court battle for ditching $1.2bn Brazil mines deal