Anglo American first spun off Thungela in June 2021 as part of its commitment to be carbon neutral across its operations by 2040
Anglo American has sold its remaining 8% interest in Thungela Resources in a R1.67bn transaction that marked Anglo’s exit from SA coal business.
Thungela shares were sold at R154 per share, which represented a 12% discount to its closing price on Thursday, which stood at R175. Anglo disposed of its remaining shareholding through an accelerated book-build process...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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