AngloGold Ashanti Abandons Capital Raising, Proposed Restructuring
September 15 2014 - 10:20PM
Dow Jones News
LONDON--Anglogold Ashanti Ltd. (ANG.JO) said Monday it won't
proceed with its proposed corporate restructuring and capital
raising plan due to lack of investor support.
The gold mining company said a number of shareholders have
expressed concerns about certain aspects of the proposed
transactions, particularly the quantum of the equity capital
raising needed to enable the restructuring.
It intends to continue evaluating all options to address its
debt levels.
Just last week, AngloGold Ashanti announced plans to raise $2.1
billion in a rights issue and spin its international assets into a
new London-listed company.
-Write to Tapan Panchal at tapan.panchal@wsj.com
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