May 10, 2024 06:59 GMT
Anglo American (Baa2/BBB): Press Reports
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- The FT reports that South African holders (15% stake collectively) are open to a BHP takeover if terms are improved. This includes the Public Investment Corporation despite some government opposition, who are concerned about plans to spin off platinum and diamond assets.
- The AFR reports that Rio Tinto had previously considered an offer for Anglo and hasn’t ruled out making a play for part or all of it. Previous reports suggested Rio would stay out of a bidding war and look to pick up disposal assets. Since copper is what everyone wants here we struggle to see how that might play out.
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