Mining mogul Anil Agarwal made just 6% profit on Anglo investment

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

ایران اخبار اخبار

ایران آخرین اخبار,ایران سرفصلها

Biggest shareholder Anil Agarwal unwinds stake to repay debts

London — Mining mogul Anil Agarwal pocketed just 6% profit from his £3.5bn investment in Anglo American, held since 2017, even though the underlying shares rose over 50% since then, according to Reuters estimates.

After paying back the loan, Volcan would have been left with a 1.9% stake that was sold in the open market for £519m on Thursday. This makes up his gross profit from the whole investment, according to a source familiar with the deal. Under the terms of the original deal, Volcan borrowed £3.5bn through the issuance of a mandatory convertible bond arranged by US investment bank JPMorgan to fund the acquisition.

Agarwal’s gross profit is the 24.7-million shares, or about 1.9% of Anglo, he was left with after repaying the bond. JPMorgan arranged a sale of those shares for £519m on Thursday.

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 12. in İR
 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.

ایران آخرین اخبار, ایران سرفصلها