Reldan: Sibanye Stillwater Limited entered into an agreement to acquire Reldan Group of Companies in a deal valued at approximately $210 million.

Sibanye Stillwater Limited entered into an agreement to acquire Reldan Group of Companies in a deal valued at approximately $210 million on November 9, 2023. The acquisition is being concluded at an... Sibanye Stillwater Limited (JSE:SSW) entered into an agreement to acquire Reldan Group of Companies in a deal valued at approximately $210 million on November 9, 2023. The acquisition is being concluded at an enterprise value of $211.5 million, with a cash purchase consideration payable of $155.4 million. The Transaction is expected to close during the first quarter of 2024, subject to receipt of applicable regulatory approvals. For 2022, Reldan generated $371 million revenue, $42 million EBITDA, $39 million in earnings and $28 million in free cash flow. The acquisition is expected to be value accretive and positively contribute to the Sibanye-Stillwater Group earnings and cash flow from day one. Goldman Sachs International acted as financial advisor and Davis Polk & Wardwell LLP acted as legal advisor for Sibanye Stillwater.