CAPITAL MARKETS

Anglo moves to 67% of Kumba

A STRONG response by minority Kumba Resources shareholders to Anglo American’s tender offer has surprised the diversified giant and increased its holding in Kumba to 67%.

Greg Tubby
Anglo moves to 67% of Kumba

“We got a bigger acceptance rate to our offer than we expected,” Anglo American spokeswoman Anne Dunn told Dow Jones in Johannesburg. “This was probably influenced by the stronger level of the rand against...

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