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Anglo American rebuffs merger interest from India's Agarwal: Bloomberg
July 28, 2016 / 10:31 PM / a year ago

Anglo American rebuffs merger interest from India's Agarwal: Bloomberg

(Reuters) - Anglo American Plc (AAL.L) has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter.

A cow is seen near the AngloAmerican sign board outside the Mogalakwena platinum mine in Mokopane , north-western part of South Africa , Limpopo province May 18, 2016. REUTERS/Siphiwe Sibeko/File Photo

Agarwal, who has majority control of Hindustan Zinc Ltd (HZNC.NS) through Vedanta Ltd (VDAN.NS), contacted Anglo to discuss potential ideas including a combination with the Indian zinc miner, Bloomberg reported.

    Vedanta sweetened its offer to take over subsidiary Cairn India Ltd (CAIL.NS) last week, after an initial bid had been stymied for a year.

    Vedanta Ltd and Hindustan Zinc were not immediately available for comment.

    Anglo American declined to comment.

    Reporting by Parikshit Mishra; Editing by Alan Crosby and Leslie Adler

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