Anil Agarwal's payday for Anglo gamble imminent

28 July 2019 - 00:28 By Agency Staff

Indian metals tycoon Anil Agarwal is unwinding the complex bet that made him the biggest shareholder in Anglo American, putting an end to speculation that he would launch a bid for one of the most revered names in the mining industry.

Agarwal, one of India's richest men, is reckoned to have made about $500m (R7bn) before costs from the deal, people familiar with the situation said...

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