Business
South African Giant Heads to London: Anglo American Platinum to List on LSE as Valterra
Anglo American Platinum, one of South Africa’s biggest mining groups, is preparing to list on the London Stock Exchange (LSE) under a new name — Valterra Platinum — as it finalises its separation from parent company Anglo American.
The group has formally applied to the UK’s Financial Conduct Authority for the admission of its entire issued share capital to trade on the LSE’s main market. If all goes according to plan, trading will begin on 2 June 2025 under the ticker VALT.
Why the London Listing?
The company believes the dual listing — alongside its primary listing on the Johannesburg Stock Exchange (JSE) — will provide several advantages:
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Broaden its capital markets profile
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Enhance trading liquidity
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Better serve a globally diverse shareholder base
The demerger from Anglo American, expected to be effective from 31 May 2025, is a key driver behind the London listing. By listing in London, Valterra ensures that Anglo American’s large international investor base can continue to hold shares without restriction.
A New Chapter as Valterra Platinum
With the rebrand to Valterra Platinum, the company is marking a fresh start. The JSE ticker will shift from AMS to VAL, while the London ticker will be VALT.
The name change and LSE listing reflect the company’s ambition to establish itself as a standalone, globally recognised platinum powerhouse, leveraging both its South African roots and its international growth potential.
Anglo American’s Ongoing Role
Although Anglo American is spinning off the company, it’s not walking away just yet. It will retain a 19.9% stake in Valterra Platinum for at least 90 days post-demerger — a standard cooling-off period for such transactions. After that, the company plans a full separation.
The final go-ahead for the demerger depends on shareholder approval at Anglo American’s general meeting later this month.
What It Means for Investors
Investors in Anglo American Platinum — soon to be Valterra — can expect:
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Dual listings on the JSE and LSE
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Increased liquidity and international visibility
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Continued focus on platinum group metals with independent strategic control
With the London listing, Valterra Platinum is poised to strengthen its global positioning and offer more access and flexibility to investors both in South Africa and abroad.
{Source BusinessTech}
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