Anglo American sells its last Valterra Platinum shares for $2.5bn

Anglo placed about 52.2 million Valterra shares at R845 each through an accelerated bookbuild, raising R44.1bn, about $2.5bn. It had kept a 19.9% stake after the May demerger. Standard Bank called it the largest equity deal in the history of the Johannesburg Stock Exchange.

Why it matters. An accelerated bookbuild sells a large stake overnight at a small discount, a common exit after a demerger.

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Mining Weekly

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Module 7: Funding a project