Anglo American Plc., part owner of the world’s biggest platinum and diamond producers, moved to block Codelco from acquiring 49 percent of its Chilean copper unit by selling a stake to Mitsubishi Corp. for $5.39 billion.
The deal would cut by half the holding state-owned Codelco can buy in Anglo American Sur SA after Japan’s largest trading company became a 24.5 percent shareholder, Anglo Chief Executive Officer Cynthia Carroll said on a conference call yesterday.
