Sibanye Gains After $215 Million Deal to Settle Appian Spat

Sibanye Stillwater Ltd.’s shares surged after the South African firm agreed to pay Appian Capital Advisory Ltd. $215 million to settle a dispute over its decision to terminate a deal...

By William Clowes, Dylan Griffiths · Bloomberg Markets

Sibanye Stillwater Ltd.’s shares surged after the South African firm agreed to pay Appian Capital Advisory Ltd. $215 million to settle a dispute over its decision to terminate a deal to buy two Brazilian mines.