Anglo takes steps as part of Amplats demerger
As part of Anglo American’s proposed demerger of Anglo American Platinum (Amplats) in 2025, certain Anglo American subsidiaries in South Africa have undertaken an internal reorganisation.
The resulting changes are administrative in nature and have no impact on Anglo’s beneficial interest in Amplats, the platinum group metals miner explains in a statement issued on September 2.
Anglo American subsidiary Anglo American South Africa Investments (AASAI) has disposed of its entire 78.56% beneficial interest in the securities of Amplats to another Anglo subsidiary called Anglo South Africa (ASA).
In turn, ASA has disposed of the entire 78.56% beneficial interest in the securities of the company to Anglo American South Africa (AASA) – also a wholly-owned subsidiary of Anglo. AASA therefore now holds 78.56% of the issued ordinary shares in Amplats.
Anglo in May announced it would demerge Amplats as part of widespread restructuring efforts to unlock value for shareholders.
The process to demerge Anglo’s 79% stake in Amplats was expected to take between 18 and 24 months to complete.
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