Indian billionaire Anil Agarwal's mining (Anil Agarwal) acquires stake in Anglo American worth 2 billion pounds, and thus become the second largest shareholder of the company, with its 13% stake. The main interest in Anglo belongs Public Investment Corp. from South Africa. This step will ensure Agarwal very strong position in Anglo at a time when the company is recovering from the crisis in the commodities market.
The transaction will be carried out through the Volcan Investments, a shareholder of the company Vedanta, but will not reach full absorption of Anglo. Last year, Anil Agarwal proposed to merge its mining business to business company Anglo, but his proposal was rejected.
"It gives it a very nice place at the table when discussing any corporate activity, - said Jeremy Retholl (Jeremy Wrathall), head of research at Investec Plc mining company, as quoted by Bloomberg.. - We expect that the next step will be a merger, and it is possible that the transaction -. It is the starting pistol shot "
The purchase will be financed through a subject to mandatory exchange of bonds issued by its holding company Volcan Investments Ltd. and prosperous Anglo's shares, said, according to the agency, the investor in a statement on Wednesday.
JPMorgan Chase & Co. It acts as the sole bookrunner and underwriter of funding as well as the coupon guarantor. Volcan plans to place bonds on April 11, or about that time, the statement said.
"This is an attractive investment for our family trust - said in a statement Agarwal, founder of Vedanta Resources Plc. - Anglo American - a great company with great assets and a strong Board of Directors and management team that implemented a focused strategy aimed at increasing value for shareholders. I am very pleased to become a shareholder Anglo American ».
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Russia's Finance Ministry in 2016 will buy diamonds at 5 billion rubles, he told reporters Deputy Finance Minister Alexei Moiseev. He said that 7 billion rubles out of a total financing limit Gokhran in 2016 (12 billion) will be spent for the purchase of precious metals, but as long as they remain in the reserve.
"While the government has planned within the 7 billion rubles - is to buy gold and other precious metals to replenish the State Fund Total purchases to replenish the State Fund -. 12 billion rubles, the decision has been made yet for the purchase of diamonds in terms of purchases of precious metals is still pending," - he said.
On the possibility of realization of the rough diamonds to Gokhran in 2016 ALROSA previously expressed manual.
Gokhran did not make significant purchases of rough diamonds ALROSA after 2008-2009. Meanwhile, at the end of last year, when the fall in demand in the diamond market led to a 30% reduction in sales of ALROSA, the company started talking about the possibility of shipments of rough diamonds to Gokhran in 2016. This opportunity is in charge confirmed ALROSA vice-premier, presidential envoy to the Far Eastern Federal District Yuri Trutnev.
Gokhran purchases are made on the funds budgeted for the replenishment of the state fund of precious metals and precious stones. Plan for 2016 - 11.962 billion rubles.
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