Anglo American
Anglo American to sell entire 49.5 pct stake in agri-processing business Tongaat Hulett
Anglo American PLC (LSE: AAL) announced it plans to sell its 49.5 percent holding in Southern Africa focused agri-processing business Tongaat Hulett Ltd to institutional investors via an accelerated bookbuild and an exchangeable bond issue.
Anglo is offering its entire holding of 51.2 million Tongaat shares. It did not provide pricing details.
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Other Anglo American news
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01/03/10 Anglo American restarts copper mines in Chile after earthquake
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19/02/10 Anglo American to reinstate dividend in 2010 as platinum and diamond prices rebound
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18/02/10 Anglo American reports underlying earnings of $490 million from Kumba Iron Ore
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16/02/10 Anglo American sells aggregates and concrete businesses in Europe for $400 million
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08/02/10 Anglo American supports Anglo Platinum US$1.6 billion rights issue, to cut debt further
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22/10/09 Anglo American to restructure operations into units focused on platinum, diamonds, nickel, copper, iron ore and coal
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30/09/09 Anglo American expands interest in Australia's Musgraves Region through option with Reed Resources
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13/08/09 Anglo American sells 49.5 pct stake in Tongaat Hulett for US$523 mln
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31/07/09 Anglo American announces 50% increase in group copper resource through two discoveries in Chile
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24/07/09 De Beers seeing upturn in diamond market after extremely difficult trading conditions in first quarter
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