Anglo American plc
(Incorporated in the United Kingdom)
Registration number: 3564138
Share code: AGL
ISIN: GB0004901517
(the `Company`)
Anglo American disposes of portion of stake in Terra Industries
Anglo American plc (`Anglo American`) has sold 12.5 million shares of Terra
Industries Inc. (`Terra`), or 16% of its outstanding capital stock, to an
investor group led by Perry Capital for an aggregate cash consideration of US$67
million. Anglo American now holds 25.1 million common shares of Terra, or 32%
of its outstanding capital stock.
Shareholders are also referred to the announcement today by Terra and
Mississippi Chemical Corporation (`Mississippi Chemical`) that those two
companies have reached agreement for Terra to acquire Mississippi Chemical for
approximately US$268 million. Terra will fund the acquisition through a
combination of cash, debt and the issue of common and preferred stock. The
issuance of additional Terra stock in that transaction would reduce Anglo
American`s percentage holding to approximately 25% of the outstanding capital
stock.
Anglo American will continue to evaluate future opportunities for disposing of
its interest in Terra, based on market conditions and other considerations.
9 August 2004
Sponsor
Cazenove & Co.
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