Anglo American plans to divest or demerge its diamond, platinum, steelmaking coal, and nickel businesses after rejecting a second takeover bid from BHP.
After rejecting a second takeover bid from BHP , mining peer Anglo American unveiled on Tuesday plans to divest or demerge its diamond, platinum, steelmaking coal, and nickel businesses as it seeks to radically simplify its portfolio to focus on its copper, premium iron ore, and crop nutrients assets.
Anglo American’s investors expected the mining group to present its own plan on how to boost shareholder returns and unlock more value from the business after the company rejected in the past weeks two separate takeover offers from BHP which would create a major mining group. Anglo American rebuffed the second offer on Monday, saying that its board “concluded that it continues to significantly undervalue Anglo American and its future prospects.
Diamonds Platinum BHP Mining Nickel Metals Copper
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