De Beers the elephant in the room as Anglo lets Amplats loose
Sale of the diamond company remains the last cog in the fulfilment of the restructuring
02 May 2025 - 05:00
Anglo American shareholders on Wednesday overwhelmingly approved a plan to demerge its platinum group metals (PGM) business — giving birth to a new entity, Valterra Platinum.
The vote by Anglo shareholders to demerge Anglo American Platinum, soon to be renamed Valterra, marks a critical step in the portfolio simplification efforts led by CEO Duncan Wanblad, with the sale of De Beers the last remaining cog in the fulfilment of the restructuring...
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