Lonrho’s plan to take a 32&percent; stake in Gencor’s Impala Platinum has been blocked…

Series Title
Series Details 25/04/96, Volume 2, Number 17
Publication Date 25/04/1996
Content Type

Date: 25/04/1996

...by the European Commission - only the fifth time it has vetoed a merger. The Commission found that the deal would have created a duopoly in the platinum market between South Africa's Amplats (with 35&percent; world market share) and Gencor-Lonrho (with 28&percent;). Together, the two groups would hold 90&percent; of the global reserves of platinum, a situation the Commission voted to block.

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