Anglo American Platinum is to pay its parent a $600mn dividend ahead of its planned demerger in June, the company announced on Monday.
Amplats, as the world’s largest platinum company is known, is to pay out $900mn from its retained cash to shareholders in total with most going to Anglo American, which has a 67 per cent stake.
Announcing its financial results for the year to December, Craig Miller, chief executive of Amplats, said the company was using the planned demerger as an opportunity to “relook at the balance sheet”, and so pay an additional dividend.
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