LONDON (Alliance News) - Aquarius Platinum Ltd on Monday said "significant progress" has been made on its takeover by Sibanye Gold Ltd.
On October 6, Aquarius recommended Sibanye's cash offer valuing it at USD0.195 per share.
The deal requires approval from Aquarius shareholders at a meeting to be held in January.
Regulatory approval is needed from the South African Competition Commission and Competition Tribunal.
Competition approval is expected by the end of March, with completion of the deal by the end of April.
Shares in Aquarius were up 0.6% at 11.06 pence on Monday morning in London.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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