AngloAmerican Plc : Anglo reportedly preparing to fend off a bid by Volcan
>Anglo American said to have hired banks to fend off a bid by Volcan - According to the Telegraph, Anglo American (Neutral) has hired three banks to fend off a potential takeover bid from Volcan Investment. Volcan Investment is a holding vehicle controlled by Indian tycoon Anil Agarwal (61.7% stake). Note that Vulcan owns more than a 20% stake in Anglo American which was bought opportunistically in two tranches (March and September 2017) through a mandatory convertibl...Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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