Anglo American Announces Demerger Of South Africa Thermal Coal Operations

  • Reuters
  • Stock Market News
Anglo American Announces Demerger Of South Africa Thermal Coal Operations
Credit: © Reuters.

April 8 (Reuters) - Anglo American (JO: AMSJ ) PLC AAL.L :

* Anglo American plc - demerger of South Africa thermal coal operations

* Anglo American - announces demerger of its thermal coal operations in South Africa, subject to approval of anglo American's shareholders on 5 may 2021.

* Anglo American - separation will be implemented through transfer of Anglo American's thermal coal operations in South Africa to a new holding co

* Anglo American - separation will be implemented via demerger of Thungela shares to co's shareholders & primary listing of Thungela's shares on JSE

* Anglo American - in order for proposed demerger to be implemented, Anglo American shareholder approval will be sought

* Anglo American - if it is approved, it is expected that demerger would be effective on 4 June 2021

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