Monday, March 8, 2010

Interest in Anglo American (LON:AAL) Zinc Assets Growing

Anglo American Zinc Assets

As Anglo American (LON:AAL) continues on with its major restructuring initiative, interest is growing in acquiring their zinc assets, as the latest companies to show an interest include Vedanta Resources (LON:VED) and HudBay Minerals (TSE:HBM).

Zinc assets at Anglo are on sale for $800 million, as the pool of interested parties grows.

Some unnamed companies are evidently interested in the zinc assets, with one major Chinese company alleged to have shown great interest. Others include private equity firms First Reserve and Apollo.

Anglo American has already sold off unrelated assets to a number of copmanies at it seeks to streamline operations.

Anglo American Zinc Assets

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