Anglo American plc exits ExxaroShare sale raises N$3 billion Anglo American no longer holds a direct equity interest in Exxaro. Anglo American plc has agreed to sell its approximately 35 million ordinary shares, representing a 9.7% interest, and Main Street 333 Proprietary Limited. Sale of Anglo American''s shares raised gross proceeds of approximately N$3 billion. Sale price represents a 10% discount to closing price on 30 November 2016.
Placing shares represent approximately 14.7% of Exxaro''s issued share capital. Following sale, Anglo American no longer holds a direct equity interest in Exxaro.
Anglo American intends to use proceeds from placing to reduce net debt.
NAMPA/REUTERS