Anglo American: BHP Might Circle Back After Low-Hanging Fruit Harvested
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Anglo American is restructuring by shedding De Beers and PGM businesses to focus on copper and iron ore, potentially attracting a bid from BHP. The company is also divesting its Nickel and metallurgical coal businesses, aiming for cost savings and operational efficiencies.
February 03, 2025 | 1:45 pm
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BHP might consider a bid for Anglo American as the latter refocuses on copper and iron ore, shedding less attractive assets like De Beers.
Anglo American's divestment of De Beers and PGM businesses aligns with BHP's interest in copper and iron ore, making a potential acquisition more attractive. This strategic refocus could lead to a positive impact on BHP's stock if a bid is announced.
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