SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Hindustan Zinc buys UK co's zinc business for $1.3 billion

11 May 2010 Evaluate

Hindustan Zinc has acquired to buy the zinc unit of the UK’s Anglo American for $1.3 billion (Rs 5,850 crore). The all-cash buyout of the zinc company would be completed in 3-4 months and would be funded entirely by the group’s cash reserves of $7.2 billion.

The acquisition gives Vedanta a leading 11% global marketshare in a metal widely used by cars and consumer goods companies, and also catapults the company into the world’s lowest-cost zinc producer.

Anglo American has one of the finest zinc assets in the world that include Skorpion mine in Namibia, Lisheen in Ireland and Black Mountain in South Africa with combined reserves of 206 million tonnes of zinc and lead. The acquisition values Anglo American’s zinc business at 3-3.5 times forward earnings. The all-cash buyout of the zinc company would be completed in 3-4 months and would be funded entirely by the group’s cash reserves of $7.2 billion. The benefits will reflect in the current year itself since the acquisition will be valid with effect from January 1, 2010.

crackcrack

Hindustan Zinc Share Price

589.95 -2.40 (-0.41%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindalco 1015.10
Vedanta 770.65
Hindustan Zinc 589.95
Jain Resource Recycl 418.95
Gravita India 1649.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×