Anglo American (GB:AAL) has released an update.
Anglo American PLC has initiated an accelerated bookbuild to sell approximately 13 million shares of Anglo American Platinum, aiming to broaden its free float and reduce the share count for the upcoming demerger. This strategic move is designed to enhance shareholder returns and increase market liquidity, while also lowering Anglo American’s net debt as part of its portfolio transformation. The bookbuild is targeted exclusively at institutional investors, with Goldman Sachs, Morgan Stanley, and Rand Merchant Bank serving as joint bookrunners.
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