An accelerated bookbuild providing of about 13 million shares of Amplats was launched on Tuesday, forward of the South African unit’s demerger anticipated subsequent 12 months.
“The inserting is meant to broaden the free float of Anglo American Platinum, scale back the variety of shares distributed to Anglo American shareholders upon demerger and thereby scale back flowback following the demerger,” Anglo American stated.
Amplats CEO Craig Miller had stated in July that the corporate was planning a secondary itemizing in London.
($1 = 17.8824 rand)
(By Aatrayee Chatterjee and Yamini Kalia; Modifying by Shreya Biswas and Mrigank Dhaniwala)