Anglo American: demerger of Anglo American Platinum in June
(CercleFinance.com) - Anglo American has set a timetable for the demerger of Anglo American Platinum in June.
Anglo American intends to seek shareholder approval for the demerger of Anglo American Platinum at Anglo American's annual general meeting on April 30, 2025, subject to governance and regulatory approvals.
Anglo American Platinum will be deconsolidated from Anglo American following the demerger. At 31 December 2024, Anglo American Platinum had approximately $0.9bn in net cash, including the prepayment of approximately $0.6bn.
Anglo American Platinum has reported adjusted EBITDA for 2024 of R19.8bn (audited), equivalent to approximately $1.1bn.
Duncan Wanblad, Chief Executive Officer of Anglo American, said, we have a clear timetable for the demerger of Anglo American Platinum - the world's leading producer of platinoids - in June, with its primary listing on the Johannesburg Stock Exchange and an additional listing on the London Stock Exchange. In line with our commitment to a responsible demerger, Anglo American intends to retain a 19.9% stake in Anglo American Platinum.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
Anglo American intends to seek shareholder approval for the demerger of Anglo American Platinum at Anglo American's annual general meeting on April 30, 2025, subject to governance and regulatory approvals.
Anglo American Platinum will be deconsolidated from Anglo American following the demerger. At 31 December 2024, Anglo American Platinum had approximately $0.9bn in net cash, including the prepayment of approximately $0.6bn.
Anglo American Platinum has reported adjusted EBITDA for 2024 of R19.8bn (audited), equivalent to approximately $1.1bn.
Duncan Wanblad, Chief Executive Officer of Anglo American, said, we have a clear timetable for the demerger of Anglo American Platinum - the world's leading producer of platinoids - in June, with its primary listing on the Johannesburg Stock Exchange and an additional listing on the London Stock Exchange. In line with our commitment to a responsible demerger, Anglo American intends to retain a 19.9% stake in Anglo American Platinum.
Copyright (c) 2025 CercleFinance.com. All rights reserved.