Anil Agarwal

Billionaire Agarwal Increases Stake in Anglo American to 19%

Posted on by The Editorial Team
Billionaire Agarwal Increases Stake in Anglo American to 19%

JOHANNESBURG (Capital Markets in Africa) – Billionaire Anil Agarwal has increased his stake in Anglo American Plc to 19 percent, making him the biggest shareholder in the London blue-chip mining company. Agarwal’s Volcan Holdings Plc bought 102.2 million shares in Anglo, according to a regulatory filing Friday. The Indian billionaire, who said last month that he planned to buy as much as 1.5 billion pounds ($2 billion) of the stock, paid an average of 14.68 pounds, based on that…

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Billionaire Agarwal to Boost Anglo Stake by Up to $2 Billion

Posted on by The Editorial Team
Billionaire Agarwal to Boost Anglo Stake by Up to $2 Billion

JOHANNESBURG (Capital Markets in Africa) – Anil Agarwal, an Indian mining billionaire, is buying 1.5 billion pounds ($2 billion) worth of additional Anglo American Plc shares, increasing his stake in the blue-chip British miner that’s benefited from a recovery in commodity prices. Agarwal said Wednesday the purchase, which is the equivalent of about 9 percent, was a family investment and he doesn’t intend to make a takeover offer for the company, according to a statement. It comes…

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