Anglo American (GB:AAL) has released an update.
Anglo American’s wholly owned subsidiary, AASA, has successfully sold approximately 5.3% of its shares in Anglo American Platinum, amounting to 13,940,000 shares at R515.00 each, raising gross proceeds of around USD 400 million. The transaction took place through an accelerated bookbuild offering and is expected to settle on the Johannesburg Stock Exchange around September 16, 2024. Following the sale, AASA will enter a 90-day lock-up period on its remaining shares in Anglo American Platinum.
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