Volcan Plans to Buy Up to GBP2B Stake in Anglo American
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
AAL LN (Anglo American PLC)
0286882D BM (Volcan Investments Ltd)
Topics
Holding Increases
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UUID: 7947283
(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: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
AAL LN (Anglo American PLC)
0286882D BM (Volcan Investments Ltd)
Topics
Holding Increases
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283