Indian billionaire Anil Agarwal has become the second largest shareholder in Anglo American after acquiring 11.44 per cent of the British mining group, the group said today.<br/>'<br/>According to a notice posted on the London Stock Exchange, the Volcan Holdings investment company owned by Agarwal's family now owns 11.44% of the group's capital and voting rights following Tuesday's share purchase.<br/>'<br/>It is now the second largest shareholder behind South Africa's Public Investment Corporation, which owns more than 13 per cent.<br/>'<br/>Agarwal's investment is believed to be worth 1.9 billion pounds (USD 2.4 billion, 2.2 billion euros). <br/><br/>The company's market capitalisation is around 16.4 billion pounds. Volcan also owns mining competitor Vedanta Resources, which specialises in zinc.
News On AIR | April 14, 2017 4:59 AM
Indian billionaire Anil Agarwal buys 11.4% of miner Anglo American