Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Volcan insists this won't lead to a takeover of FTSE 100 miner
Thursday 23 Mar 2017 Author: Daniel Coatsworth


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)

‹ Previous2017-03-23Next ›