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.
...
Read the full article on Seeking Alpha
For further details see:
Anglo American Platinum: Forced Selling Risk On Demerger