Anglo American plc has completed the sale of its remaining stake in Valterra Platinum Limited, formerly known as Anglo American Platinum Limited. The company announced that approximately 52.2 million ordinary shares were sold through an accelerated bookbuild offering at a price of ZAR845 per share. This transaction represents the disposal of Anglo American’s entire 19.9% interest in Valterra Platinum, which it retained following the demerger at the end of May 2025.
The sale generated cash proceeds of ZAR44.1 billion, or about USD2.5 billion. Valterra Platinum was not involved in the placing and will not receive any proceeds from this transaction.
Settlement for the shares is expected to take place on or around September 9, 2025, on the Johannesburg Stock Exchange.
Merrill Lynch International and The Standard Bank of South Africa Limited served as joint global coordinators for the offering. RBC Europe Limited acted as lead bookrunner, while Goldman Sachs International and Morgan Stanley & Co. International plc were joint bookrunners.
