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.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Mining mogul Anil Agarwal made just 6% profit on Anglo investmentBiggest shareholder Anil Agarwal unwinds stake to repay debts
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »
Mining mogul Anil Agarwal made just 6% profit on Anglo investmentBiggest shareholder Anil Agarwal unwinds stake to repay debts
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »
출처: dailymaverick - 🏆 3. / 84 더 많은 것을 읽으십시오 »