Mining giant Anglo American said on Monday it would sell 61-million shares of AngloGold Ashanti Limited, cutting its stake in the world’s third-largest gold producer by almost half.
The London-based company, which has a 41,8% interest in AngloGold, said in a statement that the shares would be offered as ordinary shares and American depository shares.
The shares were worth R19,9-billion based on AngloGold’s closing price Friday, although the company’s shares fell sharply on Monday.
AngloGold Ashanti said it noted the announcement but did not comment further. — Sapa-AP