AGPPF - Anglo American Platinum: Forced Selling Risk On Demerger
2024-06-19 07:33:08 ET
Summary
- Amplats is in plans to be spun off, although Anglo American didn't appreciate the pressure BHP was trying to pile on with the requirements within its merger proposal.
- We still maintain there are some positives, but primarily see the forced selling risk if/when it gets spun off.
- There are also questions around conditions and other onuses that might be placed on Amplats as a standalone entity, as referred to in the rejection release by Anglo American.
- Altogether, it's not such a great sign that BHP really doesn't want the PGM business, which we actually quite like on environmental standards and hydrogen.
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Anglo American Platinum: Forced Selling Risk On Demerger