Mining major, Anglo American has completed the demerger of its interest in the platinum group metals business, Valterra Platinum and the associated share consolidation of Anglo American. The demerger took effect on Saturday, 31 May 2025 with the share consolidation becoming effective on Sunday, 1 June 2025.
The shares of Valterra Platinum will be admitted to the equity shares (international commercial companies secondary listing) listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s Main Market under the ticker symbol “VALT”.
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.”
Following the demerger Anglo American will continue to hold c.19.9% of Valterra Platinum and intends to retain this shareholding for at least 90 days following the demerger (subject to appropriate exceptions for any sale to maintain, and not exceed, this c.19.9% interest), with this shareholding position to be managed responsibly over time to effect a full separation.
