Anglo American completes Valterra Platinum share offering, nets ZAR44.1 bn

Anglo American plc announced the completion of an accelerated bookbuild offering for shares in Valterra Platinum Limited, formerly Anglo American Platinum Limited. Entities controlled by Anglo American sold approximately 52.2 million ordinary shares of Valterra Platinum at ZAR845 per share. This transaction represents the full divestment of Anglo American's remaining 19.9% interest in Valterra Platinum, which was retained after its demerger in May 2025.

The share offering generated cash proceeds of ZAR44.1 billion. Valterra Platinum itself was not a direct participant in the placing and will not receive any of these proceeds. Settlement for the placing shares is anticipated to occur around 9 September 2025 on the Johannesburg Stock Exchange.

The transaction involved Merrill Lynch International and The Standard Bank of South Africa Limited as joint global coordinators, RBC Europe Limited as lead bookrunner, and Goldman Sachs International and Morgan Stanley & Co. International plc as joint bookrunners. This strategic move aligns with Anglo American's focus on portfolio simplification and growth in core asset classes.