Anglo American Launches Accelerated Bookbuild to Sell Remaining Valterra Stake

Anglo American PLC is selling its entire remaining 19.9% stake in Valterra Platinum Ltd through an accelerated bookbuild offering of approximately 52.2 million shares, aiming to raise around £2 billion ($2.7 billion). This sale follows the demerger of Valterra Platinum, formerly Anglo American Platinum, completed in May 2025 as part of Anglo American's portfolio simplification strategy. Valterra Platinum is listed on both the London Stock Exchange and the Johannesburg Stock Exchange. Anglo American CEO Duncan Wanblad expressed strong confidence in Valterra's future as a leading integrated producer of platinum group metals and highlighted the sale as a step toward focusing on core assets like copper, iron ore, and crop nutrients. The placing is targeted at qualifying institutional investors and will strengthen Anglo American's balance sheet. After the placement, any remaining shares held by Anglo American will be subject to a 90-day lock-up period for on-market sales.