Volcan Plans to Buy Up to GBP2B Stake in Anglo American
(Bloomberg) -- Volcan, the wholly owned holding company owned by the Agarwal family, intends to make an investment in Anglo American shares of up to GPB2bn, according to a statement on Wednesday.
- Purchase is a personal investment on behalf of a family trust
- Volcan intends to finance the investment by selling a mandatory exchangeable bond secured by Anglo shares
- Mandatory bond will be issued on or around April 11
- JPMorgan is the sole bookrunner of the exchangeable bond
Alert:
HALISTERSource: BFW (Bloomberg First Word)
Tickers AAL LN (Anglo American PLC)
0286882D BM (Volcan Investments Ltd)
Topics Holding Increases
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