Anglo American Platinum (Amplats), set to be renamed Valterra Platinum before its imminent demerger from the Anglo group, says it is likely to incur “significant” one-off set-up costs to operate independently.

In its annual report published on Thursday, the company said some of the risks associated with its break-up from Anglo American is that some or all of the anticipated benefits of the demerger may not be realised...

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