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magazineInvestor makes £2bn move on Anglo
Vedanta Resources’ (VED) majority shareholder is to invest up to £2bn in shares in FTSE 100 miner Anglo American (AAL). Volcan Investments is the family investment vehicle for Vedanta’s chairman Anil Agarwal. It will buy the shares on the open market over the next few weeks. Volcan says it doesn’t intend to make a takeover offer for Anglo, but analysts say ‘don’t rule it out’ down the line. (DC)
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