Anglo American to sell remaining stake in Valterra
Global miner Anglo American is selling off its remaining stake in Valterra Platinum, worth around $2.4 billion, it said on Wednesday, marking its full exit from its former subsidiary.The company has launched an accelerated bookbuild offering to sell about 52.2 million shares in the company, it said.The demerger of Valterra, formerly known as Anglo American Platinum, became effective in May, leaving just 19.9% of it in Anglo’s portfolio.