Anglo American Completes Valterra Platinum Divestiture in Major Strategic Shift

Mining conglomerate Anglo American PLC has finalized its complete separation from Valterra Platinum, formerly known as Anglo American Platinum, concluding a significant corporate restructuring. The company sold its remaining 19.9% stake in the platinum group metals producer, marking the definitive end of their ownership relationship and triggering substantial market movements.

The disposal was executed via an accelerated bookbuild process that placed 52.2 million Valterra shares with institutional investors. The transaction generated substantial proceeds for Anglo American, totaling 44.1 billion South African Rand (approximately $2.5 billion USD). Shares were priced at 845 Rand each, representing an 8.6% discount to Wednesday’s closing price.

This landmark transaction signals a fundamental reassessment of the now-independent PGM producer by financial markets and represents a crucial step in Anglo Read more...