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AngloGold Ashanti Limited (ASX:AGG) has dropped plans for a $2.5 billion demerger only one week after revealing the proposed initiatives.
The gold producer had flagged potentially splitting its international assets into a new listed vehicle but came up with opposition from some shareholders.
AngloGold Ashanti has noted broad support for the strategic logic of the restructuring, but also conceded some shareholders were concerned about the proposed transactions.
In particular, the company says shareholders were concerned about the the quantum of the equity capital raising needed to implement the restructuring in accordance with regulations.