17 March 2009
Anglo American sells remaining 11.3% shareholding in AngloGold Ashanti for $1.28 billion
Anglo American plc (“Anglo American”) announces the sale of its remaining 11.3% shareholding (39,911,282 shares) in AngloGold Ashanti Limited (“AngloGold Ashanti”) to investment funds managed by Paulson & Co Inc for $32.00 per share in cash (the “transaction”), generating proceeds of $1.28 billion.
The proceeds will be used for general corporate purposes.
Consistent with Anglo American’s stated intention to dispose
of this non-core holding, Anglo American no longer owns any shares
in AngloGold Ashanti.
At 31 December 2008, Anglo American’s shareholding in
AngloGold Ashanti was 16.2%. Subsequent to this date, Anglo
American disposed of 17.3 million shares in AngloGold Ashanti and,
combined with this transaction, realises total proceeds of $1.77
billion.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
“U.S. Securities Act”), and may not be offered or sold
in the United States absent registration or an applicable exemption
from the registration requirements of the U.S. Securities
Act. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy such securities in the
United States or in any other jurisdiction where such offer is
unlawful.
Deutsche Bank provided assistance in connection with the
transaction. UBS and Goldman Sachs have also provided advice to
Anglo American in relation to its shareholding in AngloGold
Ashanti.
United Kingdom
James Wyatt-Tilby, Media Relations
Tel: +44 (0)20 7968 8759
Anna Poulter, Investor Relations
Tel: +44 (0)20 7968 2155
South Africa
Pranill Ramchander, Media Relations
Tel: +27 (0)11 638 2592
Notes to Editors:
Anglo American plc is one of the world’s largest mining
groups. With its subsidiaries, joint ventures and associates, it is
a global leader in platinum group metals and diamonds, with
significant interests in coal, base and ferrous metals, as well as
an industrial minerals business. The Group is geographically
diverse, with operations in Africa, Europe, South and North
America, Australia and Asia.
(www.angloamerican.co.uk)
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