Anglo ‘may need to break up regardless of BHP offer’
Approach, though spurned for now, only adds to pressing need for restructuring, analysts say
30 April 2024 - 15:14
UPDATED 01 May 2024 - 22:50
Anglo American may come under pressure to hive off assets even if BHP’s proposed takeover fails, with the approach by the “Big Australian” firing up debate on how best to unlock value for shareholders.
Anglo said on Tuesday it was working “at pace” to simplify its portfolio after announcing a review of all its assets in February when it reported a 94% plunge in annual profit and substantial writedowns at its diamond and nickel operations...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.