JPMorgan says BHP plan risks $4.3 billion South Africa outflow

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A successful takeover of Anglo American Plc under the arrangements BHP Group has offered could lead to outflows of $4.3 billion from South Africa, according to a JPMorgan Chase & Co. analysis.

While Anglo has spurned BHP’s $49 billion bid, it has agreed to talk to the company, which must now make a firm offer by May 29. A successful deal could also affect the share prices of the units, Anglo American Platinum Ltd. and Kumba Iron Ore Ltd., Cunningham said. Amplats, which has a market value of 192 billion rand , is nearly 80% owned by Anglo American. Kumba, which has a capitalization of 170 billion rand, is almost 70% held by Anglo American.

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