Anglo American Publishes Circular for Demerger of Platinum Business
Why we think this is neutral
The RNS announcement is about the publication of a shareholder circular for the demerger of Anglo American's platinum business, Anglo American Platinum (AAP). This is a corporate restructuring event and does not fall into any of the mandatory news categories that would require a more detailed analysis. Therefore, the sentiment is assessed as neutral.
Key Points
- Anglo American to demerge its 67% owned platinum business, Anglo American Platinum (AAP)
- Demerger is part of Anglo American's plan to simplify its portfolio and focus on copper, iron ore and crop nutrients
- AAP to be listed independently on the London Stock Exchange and Johannesburg Stock Exchange
Summary
Anglo American has published a shareholder circular to seek approval for the demerger of its 67% owned platinum group metals business, Anglo American Platinum (AAP). The demerger is part of Anglo American's plan to simplify its portfolio and focus on its world-class positions in copper, premium iron ore and crop nutrients. Following the demerger, AAP will be an independent company listed on the London Stock Exchange and Johannesburg Stock Exchange.