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Agarwal ups Anglo stake, denies merger

Vedanta Resources (LN:VED) owner Anil Agarwal will become the largest shareholder in Anglo American (LN:AAL), taking on 20% of the company.

Agarwal ups Anglo stake, denies merger Agarwal ups Anglo stake, denies merger Agarwal ups Anglo stake, denies merger Agarwal ups Anglo stake, denies merger Agarwal ups Anglo stake, denies merger

Anil Agarwal will hold another £1.25-1.5 billion worth of Anglo stock

Agarwal has denied he still wants to merge Vedanta or any of its subsidiaries with Anglo but this minimum 1.25 billion (US$1.68 billion) spend will add credence to that theory.