Anglo American sells remaining Valterra Platinum stake

Anglo American plc has launched an accelerated bookbuild offering of approximately 52.2 million ordinary shares in Valterra Platinum Limited. This move aims to sell 100% of Anglo American's remaining holding in Valterra Platinum, following its demerger in May 2025. The sale, conducted by entities controlled by Anglo American, is expected to generate additional cash proceeds for the Anglo American group, strengthening its balance sheet.

The demerger of Valterra Platinum (formerly Anglo American Platinum Limited) was completed at the end of May 2025, leaving Anglo American with a 19.9% shareholding. This latest offering is part of a broader strategy to unlock value and simplify Anglo American’s portfolio, focusing on core assets like copper, premium iron ore, and crop nutrients.

Merrill Lynch International and The Standard Bank of South Africa Limited are acting as joint global coordinators for the offering, with RBC Europe Limited as lead bookrunner, and Goldman Sachs International and Morgan Stanley & Co. International plc as joint bookrunners. The bookbuilding process commenced immediately and will close at the discretion of the selling entities.