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Anglo American PLC said on Wednesday it plans to sell its entire interest in Valterra Platinum Ltd, formerly called Anglo American Platinum Ltd, through accelerated bookbuild. The London-based diversified miner is offering 52.2 million shares of Valterra. At the closing price in Johannesburg on Wednesday, the value of Anglo’s shares in Valterra is R 48.25 billion. Anglo retained a 19.9% shareholding in Valterra after it demerged the platinum producer as part of its portfolio simplification. Anglo held 79% stake in Valterra before the demerger that was concluded in May this year. Valterra listed on the London Stock Exchange, and it kept its primary listing on the Johannesburg Stock Exchange. ‘Given the performance of the Valterra Platinum share price since the demerger, Anglo American is now proposing to sell 100% of its remaining holding,’ Anglo said in a statement. Anglo said the placing will also raise further cash for the group, strengthening its balance sheet. The placing is being made to qualifying institutional investors only. The bookbuilding period for the placing will start immediately and the selling entities reserve the right to close the bookbuilding process at any time, Anglo said. ‘Valterra Platinum has made a strong start as a standalone company and we continue to have every confidence in its future as the world’s leading integrated value chain producer of PGMs,’ Anglo Chief Executive Officer Duncan Wanblad said. Shares in Anglo American ended up 1.9% at 2,278.32 pence on Wednesday in London. In Johannesburg, they closed up 2.5% at R 541.74. Valterra shares closed up 9.0% at 3,880.00 pence in London. They ended 8.8% higher at R 924.28 in Johannesburg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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