Media Room

Billionaire Agarwal’s Anglo adventure ends with a whimper

It once looked like Anil Agarwal could shake up the mining industry by amassing the biggest stake in Anglo American. But in the end the Indian tycoon’s lack of financial firepower forced him to unwind his investment. For two years, Agarwal kept insiders and Anglo executives guessing about why the billionaire decided to take a position in the London mining giant.