Anglo Sells Remaining Hulamin Stake

27 July 2009 (Last Updated July 27th, 2009 18:30)

Anglo American has sold its remaining 17% stake in South African aluminium company Hulamin for about $55m. The move is in line with Anglo’s strategy to focus on its core mining operations, Anglo said. Anglo sold the remaining 35.8 million shares at R12 a share to South Afric

Anglo American has sold its remaining 17% stake in South African aluminium company Hulamin for about $55m.

The move is in line with Anglo’s strategy to focus on its core mining operations, Anglo said.

Anglo sold the remaining 35.8 million shares at R12 a share to South African institutions, completing the company’s ongoing exit from Hulamin.

On 22 July, Anglo sold 61 million shares to Coronation Asset Management for about $93m.