Anil Agarwal's Volcan to sell about 2% stake in Anglo American
25/07/2019 17:40
July 25 (Reuters) - Billionaire Anil Agarwal's Volcan
Holdings Plc has offered to sell about a 1.9% stake in Anglo
American Plc AAL.L , one of the bookrunners handling the sale
said on Thursday.
Volcan is to sell about 24.7 million shares in the mining
group via an accelerated bookbuild, the bookrunner said. The
stake is worth about 540.2 million pounds ($672.60 million),
based on Anglo American's closing price on Thursday.
Volcan is Anglo American's biggest shareholder with 19.3%
shareholding, according to Refinitiv data.
($1 = 0.8031 pounds)
(Reporting by Justin George Varghese in Bengaluru. Editing by
Jane Merriman)
((justin.varghese@thomsonreuters.com; Tel: +91 80 6749 3486;
Reuters Messaging:
justin.varghese.thomsonreuters.com@reuters.net))