Anglo sells Scaw South Africa for $383 million

JOHANNESBURG Mon Nov 26, 2012 2:14am EST

JOHANNESBURG (Reuters) - Global mining company Anglo American Plc (AAL.L) said on Monday it had completed the sale of its Scaw South Africa Ltd unit and related companies for 3.4 billion rand ($383 million) in cash.

Anglo said it sold Scaw, a steel maker, to an investment consortium led by the Industrial Development Corporation, a state-run development group. ($1 = 8.8721 South African rand)

(Reporting by David Dolan; Editing by Ed Stoddard)

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