Friday, May 4, 2007

Anglo American sells stake in Highveld Steel

(Reuters) - Anglo American has sold its remaining 29.2 percent stake in Highveld Steel and Vanadium Ltd. (Highveld) to the Evraz Group S.A. for $238 million, it said on Friday.

In July 2006, Anglo sold 49.8 percent of Highveld to Evraz and Credit Suisse as part of its plans to focus on mining.


Read more at Reuters Africa

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