From Financial Times:
The third richest man in China has bought an $800m stake in resources group Anglo American held by the Oppenheimer dynasty, a landmark deal in China’s aggressive acquisition of African resources.
Larry Yung‘s acquisition comes two weeks after London and Johannesburg-listed Anglo appointed a new chief executive, American Cynthia Carroll – the first outsider and non-South African to head the company.
Her appointment led to fresh speculation that Anglo, the world’s third biggest mining group by market capitalisation, could be the target of a takeover.[Full Text]
