Deals
Paulson Exploring AngloGold Split by Region to Increase Value
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John Paulson, the billionaire whose hedge fund is the largest shareholder of AngloGold Ashanti Ltd., said Africa’s largest producer of the metal might increase in value if it were to split in two.
“We are exploring ways for AngloGold to improve its valuation,” Paulson’s New York-based hedge fund said in a year-end report that was obtained by Bloomberg News. “Based on our analysis, AngloGold’s shares could increase in value by up to 68 percent if the company was to split its business into South African and non-South African businesses.”