Anglo to sell remaining stake in Valterra Platinum
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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 continue to have every confidence in its future as the world’s leading integrated value chain producer of PGMs,” said Duncan Wanblad, CEO of Anglo.“This placing marks further progress in our responsible separation process and a further step in our portfolio simplification to focus on our world-class positions in copper, premium iron ore and crop nutrients,” he added.The post Anglo to sell remaining stake in Valterra Platinum appeared first on Miningmx.Weiter zum vollständigen Artikel bei Mining.com Weiter zum vollständigen Artikel bei Mining.com
Quelle: Mining.com