Paulson Buying Gold
|March 17th, 2009||
|In a press release today, Anglo American plc announced that it has sold all of its 39,911,282 shares of AngloGold Ashanti Limited to Paulson & Co. The stake, which represents 11.3% of AngloGold’s shares out, was sold for $32.00 per share in cash, generating proceeds of $1.28 billion.|
It is suspected that Paulson & Co’s interest in gold has been fueled by the recent actions of world governments who have been printing money to stave of the financial crisis.
See Press Release
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