Mining mogul Anil Agarwal made just 6% profit on Anglo investment
28 July 2019 - 18:52
London — Mining mogul Anil Agarwal pocketed just 6% profit from his £3.5bn investment in Anglo American, held since 2017, even though the underlying shares rose over 50% since then, according to Reuters estimates.
Agarwal’s family vehicle Volcan Investments, the biggest shareholder in Anglo, said last week it would unwind its almost 20% stake in the SA miner by repaying debt with 247.1-million Anglo shares...
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