Anglo American Sells Exxaro Stake
November 30 2016 - 11:44AM
Dow Jones News
By Rory Gallivan
LONDON--Anglo American PLC (AAL.LN) is selling its 9.7% stake in
South African resources group Exxaro Resources Ltd. (EXX.JO) as
part of its continuing efforts to reduce debt.
The sale will be conducted in a placing of shares through an
accelerated bookbuild, the company said Wednesday.
At 1601 GMT, Anglo American shares were down 10 pence, or 0.8%,
at 1,195 pence valuing the company at GBP16.47 billion ($20.5
billion).
Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
(END) Dow Jones Newswires
November 30, 2016 11:29 ET (16:29 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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