We advised Valterra Platinum on the U.S. law aspects of the transaction

Davis Polk advised Valterra Platinum Limited (formerly Anglo American Platinum Limited) as to U.S. law in connection with its demerger from Anglo American plc via a spinoff of 51% of Anglo American’s interest in Valterra Platinum. Following the spinoff, Valterra Platinum is listed on the Johannesburg Stock Exchange and London Stock Exchange under the symbols “VAL” and VALT,” respectively.

Valterra Platinum is a global mining company focused on the production and marketing of platinum group metals. It operates across the full value chain, from mining the resources to delivering finished products to its customers. Its operations include mines and smelting and refining facilities, primarily located in South Africa and Zimbabwe.

Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonizing the global economy, improving living standards and food security.

The Davis Polk corporate team included partner Reuven B. Young and associate Francesco Mancuso. Counsel Alon Gurfinkel and associate Kelli A. Rivers provided tax advice. All members of the Davis Polk team are based in the London office.

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