Agarwal raises shareholding in Anglo American with additional 8% investment

Anil Agarwal, the Vedanta Resources chairman and Indian industrials magnate, will invest up to £1.5 billion ($2.02 billion) in rival metals and mining company Anglo American, adding to a stake acquired in March.

Billionaire Agarwal will invest £1.25-1.5 billion in Anglo American through his family investment fund, Volcan Investments, Vedanta Resources said on Wednesday September 20.

The purchase will increase Volcan’s stake in London-listed Anglo, one of the world’s...


Archie Hunter

September 20, 2017

18:02 GMT