Staff Writer 
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Standard Bank has acted as a joint global coordinator on the R44.1 billion placement of Anglo American’s remaining 19.9% stake in Valterra Platinum. The group noted that it is the largest equity capital markets (ECM) transaction ever executed on the Johannesburg Stock Exchange (JSE).
The sale completes Anglo American’s divestment of Valterra Platinum, allowing the mining group to simplify its portfolio and sharpen its focus on copper, premium iron ore and crop nutrients. Proceeds from the deal will also strengthen Anglo American’s balance sheet.
