Anglo American sells stake in China Shenhua Energy
Anglo American plc (“Anglo American”) announces that it has sold its 0.78% equity interest in China Shenhua Energy (“Shenhua”).
Anglo American has been an investor in Shenhua since its IPO in Hong Kong in June 2005.
The sale was effected through a bookbuild on the market of 155,612,000 shares at HK$35.46 per share for a total of approximately US$708 million.
Notes to Editors:
Anglo American plc is one of the world’s largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals and diamonds, with significant interests in coal, base and ferrous metals, as well as an industrial minerals business. The Group is geographically diverse, with operations in Africa, Europe, South and North America, Australia and Asia. (www.angloamerican.co.uk)
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.