Anglo’s billionaire investor puts mining on cusp of M&A era

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London - Anil Agarwal’s surprise move into Anglo American suggests the mining industry may be on the cusp of a new wave of deals.

For years, Anglo has been the subject of takeover speculation and during the worst of the commodities crisis it seemed on the verge of a breakup.

It spent last year getting back on firmer footing, but the £2bn investment by one-time Anglo suitor Agarwal has sparked the return of speculation about the company’s future.

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