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25 Mar 2022 | 07:32

Anglo American disposes of remaining stake in Thungela Resources

(Sharecast News) - Mining giant Anglo American has sold its remaining 8.0% shareholding in Thungela Resources to a number of major financial institutions. Anglo American said on Friday that it had offloaded the stake via an accelerated book build placing, realising gross proceeds of ZAR 1.67bn (£87.05m) after the Thungela shares were placed at a price of ZAR 154 (£8.03) per share, representing a 12% discount to its closing share price on 24 March.

The FTSE 100-listed firm stated that the disposal follows the end of an agreement to not dispose of its remaining interest in Thungela for at least six months after the pair's demerger in June 2021.

As of 0810 GMT, Anglo American shares were up 0.46% at 3,959.0p.
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