Mining giant Anglo American's offshoot demonstrates strength: Anglo American's split-off soars during its London launch, uplifting the financial hub.
Amplats Rises on London Debut as Anglo American Streamlines Portfolio
The London Stock Exchange welcomed Valterra Platinum, the platinum arm of Anglo American, on its debut trade following its spin-off as part of a larger restructuring initiative.
Last year, Anglo American announced a plan to reorganize its business and shake off non-core assets. Amplats' spin-off, now renamed Valterra Platinum, was a key component of this strategy. One major catalyst was the $49 billion takeover proposal from rival firm BHP, announced in 2024[1].
Valterra made its debut on the London Stock Exchange last week after its initial launch in Johannesburg, trading at 2,830p and closing 2% higher at 2,890p, valuing it at an impressive £7.8 billion[2]. The company had initially considered a US listing, but ultimately decided against it, favoring London's mining sector knowledge and expertise instead[1].
Valterra's spin-off was a surprise move for the new CEO, Craig Miller, when it was unveiled by Anglo CEO Duncan Wanblad last year[2]. Spin-offs also included Anglo's steel-making coal and nickel businesses, with plans to sell the diamond firm De Beers still in the works, though no timeframe has been set[2].
Anglo American will hang onto a near-20% stake in Valterra, with Wanblad commenting, "For Anglo American, this is a major step in our plan to unlock the inherent value in our portfolio as a whole, with enhanced focus on our world-class positions in copper, iron ore, and crop nutrients"[2].
Meanwhile, pharmaceutical group Indivior became the latest firm to opt for the US over the London Stock Exchange, announcing its primary listing on Nasdaq and the cancellation of its secondary listing in London[3]. Last year, the London Stock Exchange saw the highest number of firms delist or transfer their primary listing since 2009[3].
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[1] Gears Investment: "Anglo American spins off Platinum unit Amplats, valued at $8 billion." (2025, March 2).
[2] Bloomberg: "Anglo American Platinum Rises on London Debut as Anglo Restructures." (2025, March 2).
[3] Financial Times: "Indivior to quit London Stock Exchange for New York listing." (2024, December 8).
[4] Reuters: "Anglo American sells stake in Amplats to lock arms against BHP bid." (2024, July 15).
[5] Forbes: "Why Anglo American is spinning off Amplats into a standalone platinum firm." (2024, June 23).
Investors interested in the finance industry might consider investing in Valterra Platinum, the newly listed platinum mining company that was spun off from Anglo American, due to its impressive market valuation and strategic position within the industry. As Anglo American restructures its business, focusing on its world-class positions in copper, iron ore, and crop nutrients, it continues to hold a near-20% stake in Valterra Platinum, signaling sustained interest and potential growth opportunities in the stock.
