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Anglo sells Scaw South Africa for R3.4bn

Nov 26 2012 09:42 Reuters

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 245.19
Change 1.44
% Change 0.01
Cumulative volume 2036600
Market cap 344.61bn

Last Updated: 21/10/2014 at 04:41. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Global mining company Anglo American [JSE:AGL] said on Monday it had completed the sale of its Scaw South Africa unit and related companies for R3.4bn in cash.

Anglo said it sold Scaw, a steel maker, to an investment consortium led by the Industrial Development Corporation, a state-run development group.
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