Anglo American sells 9.7% interest in Exxaro

Anglo American has sold its 9.7% interest in Exxaro Resources for ZAR3.0 billion (approximately $215 million).

The sale price of ZAR87 per share.represents a 10% discount to the closing price on 30 November. Following the sale, Anglo American no longer holds a direct equity interest in Exxaro.

Anglo American intends to use the proceeds from the placing to reduce net debt.