AngloGold drafts in Hogarth

AngloGold Ashanti, the world’s second biggest gold producer, has called in the Hogarth Partnership as its majority shareholder significantly reduces its stake.

The South African firm appointed Hogarth last week to announce Anglo American's decision to relinquish its majority ownership of the company.

Financial press reports have suggested that Anglo American will sell about half of its 51 per cent stake in AngloGold.

Hogarth has also been briefed to remind the media that Anglo American will remain a 'significant shareholder in the medium term' after the completion of its transaction.

Anglo American, which performs the bulk of its PR in-house, has said the disposal is part of a wider sale of assets with the aim of returning more money to shareholders and focusing on its core mining business.

AngloGold said the move would offer it more flexibility and 'greater trading liquidity'.

Hogarth partners Nick Denton and Rachel Hirst lead the account and report to AngloGold executive officer of IR Charles Carter.

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