掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Indian billionaire Agarwal to be Anglo American’s top shareholder

  • Thursday, September 21, 2017
  • Source:ferro-alloys.com

  • Keywords:Indian billionaire Agarwal
[Fellow][ferro-alloys.com] Indian billionaire Anil Agarwal is planning to increase its investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner.

Indian billionaire Anil Agarwal is planning to increase its investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner.

The acquisition of further shares will be done through Volcan Investments Ltd., the family trust of Agarwal, who is the founder and chairman of Vedanta (LON:VED), India’s largest mining company.

The move could give Agarwal a commanding voice at Anglo American, the world's fifth-largest miner by market value, which the businessman described earlier this year as “a great company with excellent assets and a strong board and management team who are executing a focused strategy.”

The investment comes on top of the 12.43% stake he’s built since March, when Volcan boosted its holding in Anglo American..

While some interpret today’s announcement as the beginning of an Anglo takeover, Agarwal has repeatedly said he doesn’t intend to take control of the company. A dubious statement, as the Indian tycoon already approached the London-listed miner last year with an offer to merge with Hindustan Zinc, a mining firm he controls through Vedanta.

But Anglo stopped the approach in its tracks saying a deal didn’t make sense and wasn’t feasible.

The planned investment is a major vote of confidence in Anglo American, which has staged an impressive turnaround since commodity prices began climbing last year. In February, the firm logged a profit of $1.6 billion for 2016, its first annual revenue in five years.

“We are encouraged by the performance of Anglo American since our original investment earlier this year,” Agarwal said in the statement. “The company has made good progress in its operational and financial performance and remains an attractive investment for our family trust,” he added.

In a separate statement, Vedanta confirmed the proposed investment, noting it has nothing to do with the planned acquisition of shares, which is “being made by Volcan alone” with the assistance of JPMorgan.

Anglo American appointed in June a new chairman, Stuart Chambers, who will take over Sir John Parker in November. Chambers, 61 and former chairman of UK chip designer Arm, is known for his active participation in the sale of several UK companies, including the one where he was chairman until 2016, as he oversaw the sale of Arm to Japan’s Softbank.

  • [Editor:Wang Linyan]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 合肥市| 武夷山市| 临武县| 绥阳县| 绥宁县| 宝应县| 鸡泽县| 左贡县| 阿拉善右旗| 五常市| 平和县| 滕州市| 义马市| 宁乡县| 庆元县| 太湖县| 鹿邑县| 临桂县| 凤山县| 辰溪县| 郑州市| 英山县| 旌德县| 慈溪市| 密云县| 横山县| 蕉岭县| 抚州市| 洪洞县| 白河县| 惠东县| 曲周县| 都匀市| 汶上县| 上高县| 泾川县| 井陉县| 凯里市| 高安市| 巴楚县| 即墨市|