Agarwal quits Anglo-American investment after two years

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By Aidan Gregory
26 Jul 2019

Indian mining billionaire Anil Agarwal has unwound the fiendishly complicated structure he used to amass a 20% stake in Anglo-American, becoming its largest shareholder in the process.

JP Morgan, the bank that has worked with Agarwal throughout the process, led the sale of 24.7m shares in Anglo American, a 1.9% stake, after the market close on Thursday evening. The £518m deal was priced at 2100p, a 4% discount to the closing price of Anglo ...

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