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Anglo American confirms non-binding offer from BHP

Bloomberg News | April 24, 2024 | 4:26 pm Intelligence Top Companies Australia Europe Coal Copper Diamond Iron Ore Platinum 
Anglo American receives ok for El Soldado’s $40m project
El Soldado copper mine in Chile. (Image courtesy of Anglo American | Flickr.)

Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.

The company issued a statement after Bloomberg reported that BHP, the world’s biggest miner, was considering a potential takeover offer for Anglo.

The proposal comprises an all-share offer for Anglo American by BHP and would be preceded by separate demergers by Anglo American of its entire shareholdings in Anglo American Platinum Ltd. and Kumba Iron Ore Ltd. to Anglo American shareholders, Anglo said.

(By Thomas Biesheuvel)

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