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Anglo American rebuffs merger interest from India's Agarwal -Bloomberg

Reuters - UK Focus

July 28 (Reuters) - Anglo American Plc (LSE: AAL.L - news) , has rebuffed informal approaches by Indian mining and metals tycoon Anil Agarwal, Bloomberg reported, citing people familiar with the matter.

Agarwal, who has majority control of Hindustan Zinc Ltd (BSE: HINDZINC.BO - news) through Vedanta Ltd, contacted Anglo to discuss potential ideas including a combination with the Indian zinc miner, Bloomberg also reported. (http://bloom.bg/2aNIASf)

Vedanta had sweetened its offer for taking over subsidiary Cairn India Ltd (BSE: CAIRN4.BO - news) last week, after an initial bid had been stymied for a year.

Anglo American , Vedanta Ltd and Hindustan Zinc, were not immediately available for comment.

(Reporting by Parikshit Mishra; Editing by Alan Crosby)