BHP - Anglo American Expedites Plan To Divest De Beers Other Assets After Rebuffing BHP Takeover Bid | Benzinga
Anglo American (OTCQX:AAUKF) plans to sell some of its legacy assets, notably its diamond business, De Beers, South Africa-based Anglo American Platinum, and steelmaking coal assets.
The sale process is part of Anglo American’s strategy to safeguard itself against the persistent takeover attempts by mining giant BHP (NYSE:BHP).
"These actions represent the most radical changes to Anglo American in decades," CEO Duncan Wanblad said, clarifying that BHP’s intensified takeover offers accelerated the pre-planned action review of assets.
Wanblad described the company’s restructuring plan as clear, compelling, and decisive, aimed at unlocking significant shareholder value by focusing on world-class assets, particularly in the copper sector.
He expressed confidence ...