Anglo American Sells Exxaro Stake for $215 Million
December 01 2016 - 2:46AM
Dow Jones News
By Ian Walker
LONDON--Anglo American PLC (AAL.LN) said Thursday it has sold 35
million shares in Exxaro Resources Ltd. (EXX.JO) at 87 South
African rand each, raising ZAR3.0 billion ($215 million), as part
of its continuing efforts to reduce debt.
The South African miner said Wednesday it was selling the
shares, which represents 9.7% of Exxaro's issued share capital, via
bookbuild process.
Following the sale, Anglo American no longer holds a direct
equity interest in Exxaro.
Write to Write to Ian Walker at ian.walker@wsj.com;
@IanWalk40289749
(END) Dow Jones Newswires
December 01, 2016 02:31 ET (07:31 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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