Anglo’s Top Shareholder Wants More South African Control
- Public Investment Corp. seeks single African asset from sale
- PIC been approached by other shareholders who are dissatisfied
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Anglo American Plc’s biggest shareholder wants South African investors to follow its lead and increase their holdings in the century-old miner as it pushes for the creation of a domestic commodities “champion.”
“Our role is to make Anglo more South African-owned and controlled,” Public Investment Corp. Chief Executive Officer Dan Matjila said in an interview on Tuesday in the capital, Pretoria. “We have been vocal and when the price was low we almost doubled our stake. So we have booked a seat at the table.”