[miningmx.com] – ANGLO American hired Goldman Sachs, Morgan Stanley and UBS to assist it with the sale of as much as 49.9% in its Minas Rio project in Brazil, Bloomberg News reported.
Private equity funds and Asian companies had also shown interest in the venture which had suffered from large project overruns and scheduling delays. Anglo was intent on selling at least 30% in the project, Bloomberg News said.
James Wyatt-Tilby, a spokesman for Anglo American, said “we have openly discussed the option to introduce a minority investor into Minas Rio on many occasions over the last few years and we continue to be flexible in this regard and may pursue that option if it makes economic sense to do so.’
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