Anglo American to Exit Platinum Spinoff Valterra with Stake Sale

Anglo American to Exit Platinum Spinoff Valterra with Stake Sale

Anglo American Plc is offering its remaining stake of about 20% in Valterra Platinum Ltd. just months after completing the demerger of its platinum mining arm.

Anglo sells rest of Amplats - The Northern Miner

Anglo American (LSE: AAL) sold its final stake in Valterra Platinum (JSE: VAL), formerly Anglo American Platinum (Amplats), as part of restructuring it began last year. The deal for the...

Anglo to exit platinum business in $2.7 billion deal

Anglo American, a diversified global mining giant led by South African executive Duncan Wanblad, is set to fully exit the platinum business with a $2.7 billion sale of its remaining 19.9 percent stake in Valterra Platinum. The move marks the final chapter in Anglo’s century-long history in the precious metal. The 52 million shares on offer will be sold to institutional investors, Anglo said Wednesday, with proceeds used to streamline its portfol…

Anglo to sell remaining stake in Valterra Platinum

ANGLO American said on Wednesday it would sell its remaining shares in Valterra Platinum equal to 19,9% in the company worth R44bn. The transaction, by way of a bookbuild, comes just as a 90 day lock up agreed by Anglo post the demerger of Valterra end May expired. Commenting on the transaction, Anglo noted the strong performance of Valterra shares since the demerger. “Valterra Platinum has made a strong start as a standalone company and we cont…