Anglo American plc has finalized its demerger Valterra Platinum Limited (formerly named Anglo American Platinum Limited) (“Valterra Platinum”).
This follows an overwhelming approval by shareholders on Wednesday, 30 April 2025. The demerger took effect on Saturday, 31 May 2025 with the share consolidation effective as from Sunday, 1 June 2025.
Following the demerger Anglo American will continue to hold c.19.9% of Valterra Platinum for at least 90 days following the demerger.
Duncan Wanblad, Chief Executive of Anglo American, said “this is an important moment for both Anglo American and Valterra Platinum. For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, premium iron ore and crop nutrients. Valterra Platinum has been a major part of the Company for many years but now is the right time for it to optimise its value creation prospects on an independent path – it’s an outstanding business and team and I have every confidence that Valterra Platinum will thrive as a leader in the global platinum group metals industry.”
Picture: Woodhill Asset Management