July 2, 2018 / 6:17 AM / 3 months ago

Vedanta chairman's family trust agrees to buy rest of company

July 2 (Reuters) - Vedanta Resources Plc said on Monday chairman Anil Agarwal’s family trust Volcan Investments has agreed to buy the rest of Vedanta in a deal that values the mining conglomerate at 2.3 billion pounds ($3.03 billion).

The offer of 825 pence per share represents a 27.6 percent premium to London-listed Vedanta’s close on Friday of 646.8 pence.

$1 = 0.7589 pounds Reporting by Arathy S Nair in Bengaluru; editing by Jason Neely

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