London — Indian billionaire Anil Agarwal, the biggest shareholder in Anglo American, said on Thursday he was divesting the nearly 20% stake he has held since 2017.

Agarwal began buying into Anglo American through a JPMorgan mandatory convertible bond in March 2017 and announced he was buying a second tranche in September 2017, taking his holding in the mining group to a total of 19.3%...

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