Paulson Buying Gold

March 17th, 2009
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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
For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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