Billionaire Agarwal plans to exit his stake in Anglo American
Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American, plans to exit his stake in the diversified mining company.
Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American, plans to exit his stake in the diversified mining company.
Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal.
Agarwal, who is also mining giant Anglo American Plcâs biggest shareholder, had been searching for a candidate to lead Vedanta since announcing that former Rio Tinto Group CEO Tom Albanese was stepping down.
Anglo American, the mining giant that fought to survive the commodities collapse, has returned with a renewed sense of ambition.
The century-old mining giant Anglo American named Stuart Chambers as its new chairman less than a year after he steered U.K. chipmaker ARM through a $32 billion takeover.
Last weekâs ÂŁ2bn purchase of Anglo shares, engineered through a complex structure concocted by JP Morgan, gives Anil Agarwal control over the shares for the next three years.
Anil Agarwal takes a long view on things and despite the current turbulence in South Africa, has supported Narendra Modi’s call to invest in the country.
As the curtains start closing on this yearâs World Economic Forum in Davos, itâs time to start looking at the ideas that may steal the show.
Vedanta Resources is looking to former head of Anglo American Cynthia Carroll to bring know-how on mergers and acquisitions.