Anglo American to sell stake in Exxaro

Anglo American is to sell its 9.7% shareholding of approximately 35 million ordinary shares in the capital of Exxaro Resources Ltd as part of a share sale transaction alongside Exxaro's controlling black economic empowerment shareholder, Main Street 333 Proprietary Limited, which also intends to sell approximately 17 million ordinary shares in Exxaro.

The share sale of the approximately 52 million ordinary shares in aggregate in the capital of Exxaro, which represents approximately 14.7% of Exxaro's issued share capital, is intended to be effected via an accelerated bookbuild placing to institutional investors.

At 4:28pm: (LON:AAL) Anglo American PLC share price was -14.5p at 1190p