Deals
Anglo's Billionaire Investor Puts Mining on Cusp of M&A Era
- We’re going to see a new M&A phase in mining, Investec says
- Agarwal buying $2.4 billion stake via exchangeable bond sale
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Anil Agarwal’s surprise move into Anglo American Plc suggests the mining industry may be on the cusp of a new wave of deals.
For years, Anglo has been the subject of takeover speculation and during the worst of the commodities crisis it seemed on the verge of a breakup. It spent last year getting back on firmer footing, but the 2 billion pound ($2.4 billion) investment by one-time Anglo suitor Agarwal has sparked the return of speculation about the company’s future.