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Anglo exits platinum
The Citizen
|September 05, 2025
GOODBYE: SET TO SELL ITS STAKE IN VALTERRA, PREVIOUSLY AMPLATS
Anglo American Plc is bidding a final goodbye to platinum with the announcement that it will sell its remaining stake in Valterra Platinum, the old Anglo American Platinum (Amplats).
The 19.9% stake is valued at about $2.7 billion (about R49 billion) and the 52 million shares up for grabs will be sold to qualifying institutional investors.
Valterra shares are up about 30% since listing as a standalone company on the London Stock Exchange in June.
Valterra's unbundling from the Anglo American rump was completed in May this year, with Anglo retaining about a fifth of the platinum counter's shareholding.
This stake will now be offered to institutional shareholders, according to a press statement on Wednesday. With precious metal prices surging, Anglo has decided the time is right to offload its remaining shares in Valterra.
This story is from the September 05, 2025 edition of The Citizen.
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