July 23, 2018 / 6:19 AM / 3 months ago

BRIEF-Anglo American Platinum Acquires Glencore's 39 Pct Stake In Mototolo Joint Venture

July 23 (Reuters) - Anglo American Platinum Ltd:

* ACQUIRES GLENCORE’S 39% INTEREST IN MOTOTOLO JOINT VENTURE

* CONSIDERATION FOR TRANSACTION COMPRISES AN UPFRONT CASH PAYMENT, WHICH AT 30 JUNE 2018 IS ESTIMATED TO BE R0.8 BILLION

* CONSIDERATION FOR DEAL IS ON A CASH FREE BASIS

* WHILE ADDITIONAL CONSIDERATION IS NOT YET DETERMINABLE IT IS ESTIMATED TO BE C.R1 BILLION BASED ON CURRENT SPOT PRICES Source text for Eikon: Further company coverage:

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