Wednesday, November 9, 2011

Anglo Sells $5.39 Chilean Stake to Mitsubishi

Bloomberg News reported that Mitsubishi had agreed to buy 24.5% of Anglo American Sur for $5.39 billion. Anglo American Sur produces copper in Chile. Mitsubishi will buy the stake from the parent company, Anglo American.

“Mitsubishi is paying a high price for these assets,” said Anna Kassianos, an analyst with Platypus Asset Management.

The question is why.

No comments: