Anglo up, Agarwal out
After a brutal few years, Anglo American is in the pound seats. So why has Vedanta cashed out?
Anil Agarwal’s decision to cash in on what now looks like a short-lived punt in Anglo American has more than a few analysts scratching their heads.
After all, it was the Vedanta Resources founder and chair who saw an opportunity, buying a 20% holding in SA’s largest mining house when conditions for the miner were far from ideal.