Anglo American drops interest in AngloGold to 13.3%

By Lisa Kerner

Charlotte, N.C., Feb. 6 - Anglo American plc sold 5,933,023 shares of AngloGold Ashanti Ltd. between Jan. 28 and Feb. 5 in connection with its previously announced decision to reduce or dispose of its shareholdings in the company. The investor said it will no longer seek to retain AngloGold as a subsidiary.

The shares sold on the New York Stock Exchange were priced from $25.69 to $28.46 each, and shares sold on the Johannesburg Stock Exchange sold for ZAR 260.6480 to ZAR 293.8039 each, according to a schedule 13D/A filed with the Securities and Exchange Commission.

Between Jan. 20 and Jan. 27, the investor sold 4,393,276 shares of AngloGold Ashanti stock, a prior SEC filing said.

Anglo American beneficially owns 46,788,884 shares, or 13.3%, of the Johannesburg gold producer. Before the latest sales, it owned a 15.03% stake in the company.

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