Daiichi Sankyo and Merck report phase 2 trial results for lung cancer drug
JOHANNESBURG - Anglo American plc has divested its entire remaining 19.9% stake in Valterra Platinum Limited, according to a company statement released Friday.
The transaction marks the completion of Anglo American’s exit from Valterra Platinum, formerly known as Anglo American Platinum Limited. The shares were held through several entities including Anglo American International Limited, Tenon Investment Holdings, and three other investment holding companies.
This divestment represents the final step in the demerger process that was initially announced in May 2024, when Anglo American began separating its platinum group metals business.
Craig Miller, CEO of Valterra Platinum, described the sale as "a key milestone in the demerger process" and noted Anglo American’s "confidence in Valterra Platinum as a leading integrated PGM producer."
Valterra Platinum has filed the required notices with the Takeover Regulation Panel in accordance with section 122(3)(a) of the Companies Act.
The company trades on the Johannesburg Stock Exchange under the ticker JSE:VAL and on the London Stock Exchange as LSE:VALT.
The announcement follows previous statements released by Anglo American and Valterra Platinum earlier this week on September 3 and 4, respectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.