Anglo American platinum, the $ 11 billion, makes the London market for the first time

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Platinum works, which are valued at $ 11 billion, will appear from Anglo -American a secondary list in London on Monday, in an important teacher to restructure the FTSE mining company.

Valtira, previously known as the American platinum, is the most popular platinum products in the world and benefited from a recent rise in the prices of minerals used in incentive transformers.

The cross show is the biggest step so far by Anglo America, as it is implemented last year, while fought a hostile offer of 39 billion pounds by the Miner BHP competitor.

Lower Anglo -American The goal of acquisition can be more attractive once Demerger is completed, according to analysts and bankers.

The company also behaves in nickel, coal and diamond companies to focus on copper and iron ore.

Valtira has a basic list in Johannesburg. Its shares listed in London will be distributed to the Anglo-American shareholders-different from a traditional preliminary general offer in which the shares are priced at an attractive level of the engineer on the first day.

Since Anglo American member of FTSE 100 and Valterra is not so, it is expected that you will sell the negative indicators that receive Valterra shares, which leads to a rock start.

“The risk of volatility is high, given the amount of trading to be done in the first two days,” said Ben Davis, an RBC analyst, said: “The risk of volatility is high, given the trading amount to be done in the first two days,” said Ben Davis, an analyst at RBC. It has been calculated that about 8 percent of Valterra shares, or 21 million shares, will be distributed to negative index funds that are likely to sell their property.

Anglo America has taken steps to reduce the disorder during the transaction, including by reducing the Valterra contract of 78.6 percent to 66.7 percent during the past year. You will keep a little of 20 percent of the platinum company.

The short -term view of platinum prices improved due to the reluctance of the slow electric cars and the continuous use of internal combustion engines that often use platinum and albalium in its incentive transfers.

Platinum prices touched the highest two -year level last week, after a 20 % increase since the beginning of the year.

Craig Miller, CEO of Valterra, said this month that the new company will be “more flexible and more decisive” as an independent work.

He said: “Instead of competing for capital with other goods in a variety of company, we can invest the capital again in our quality assets.”

Anglo America reorganizes its shares by about 12 percent of the designed centenary to maintain the share price almost at the same level as it was before the division.