Anglo American Sells Exxaro Stake for $215 Million

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By Ian Walker

LONDON--Anglo American PLC (AAL.LN) said Thursday it has sold 35 million shares in Exxaro Resources Ltd. (EXX.JO) at 87 South African rand each, raising ZAR3.0 billion ($215 million), as part of its continuing efforts to reduce debt.

The South African miner said Wednesday it was selling the shares, which represents 9.7% of Exxaro's issued share capital, via bookbuild process.

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This article appears in: Energy , Commodities
Referenced Symbols: EXX , EXXAY , FOR , NGLB , NGLOY

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