Anglo American notes Chilean court decision rejecting Codelco’s unjustified petition
25 April, 2012
Anglo American notes the decision published today by the 14th Civil Court of Santiago rejecting a petition made by Codelco on 17 April 2012, which sought to install a court appointee into Anglo American’s business in Chile and the retention into escrow of 49% of the dividends paid by Anglo American Sur. Codelco filed its petition with the court ex parte, without giving notice to Anglo American or its appointed lawyers.
Anglo American believes that the measures sought by Codelco had no justification whatsoever and sought to improperly interfere with the operation of Anglo American’s business interests in Chile.
Anglo American is one of Chile’s largest foreign investors and will continue to defend its rights in full accordance with the law.