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Anglo American to delist from Swiss exchange in June following review

ALN

Anglo American PLC on Monday announced it will delist from the SIX Swiss Exchange due to its proposed merger with Teck Resources Ltd and low trading activity.

The decision has been taken as part of a review of the company’s global share listings, with the exit from the Swiss exchange removing some of the ‘regulatory burden associated with multiple secondary listings’, Anglo American said.

The London-based diversified miner has with a market capitalisation of £33.14 billion.

Its last day of trading in Zurich will be June 25.

Anglo American expects to retain London as its primary listing after the merger with Teck, as well as additional listings in Johannesburg, Toronto, and New York. The enlarged company will be called Anglo Teck PLC.

Anglo American shares were down 2.8% to 2,785.00 pence each on Monday morning in London. They were down 1.8% to R 636.83 in Johannesburg.

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