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Anglo’s Valterra Platinum divestment ‘largest in history of JSE’, Standard Bank reports
The divestment by diversified mining company Anglo American of its residual shareholding in Valterra Platinum was on Tuesday highlighted by enabler Standard Bank as “the largest equity capital markets transaction in the history of the Johannesburg Stock Exchange”. The placement raised R44.1-billion to help realise Anglo’s strategy of divesting its Valterra stake and simplifying its portfolio to focus on its positions in copper, iron-ore, and crop nutrients, with the cash proceeds from the sale adding to Anglo’s balance sheet strength. Standard Bank, Africa’s largest bank by assets, acted as a joint global ... (full story)