Vedanta Resources’ (Vedanta) largest shareholder – Volcan Investments (c.70%), a company owned by the Anil Agarwal (Vedanta’s Chairman) family trust – is reportedly buying shares worth £2bn in Anglo American (Anglo). This development has been confirmed by Vedanta, with the clarification that the group is ‘not’ a participant in the proposed investment. So far there has been no official comment from Anglo. Based on Anglo’s 15 March 2017 closing pr
17 Mar 2017
Vedanta’s promoters eyeing a (strategic?) stake in Anglo American
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Vedanta’s promoters eyeing a (strategic?) stake in Anglo American
Anglo American plc (AAL:LON) | 2,504 7475.9 13.5% | Mkt Cap: 33,500m
- Published:
17 Mar 2017 -
Author:
Varun Sikka -
Pages:
3
Vedanta Resources’ (Vedanta) largest shareholder – Volcan Investments (c.70%), a company owned by the Anil Agarwal (Vedanta’s Chairman) family trust – is reportedly buying shares worth £2bn in Anglo American (Anglo). This development has been confirmed by Vedanta, with the clarification that the group is ‘not’ a participant in the proposed investment. So far there has been no official comment from Anglo. Based on Anglo’s 15 March 2017 closing pr