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BHP proposes £31bn Anglo American buyout

Weakness in Anglo's share price opens the door for the Australian giant to take out its copper, iron ore and met coal assets
April 25, 2024
  • All-share deal values Anglo American at £31bn
  • BHP says combination would add Anglo growth options to its cash generation

The world’s largest mining company BHP (BHP) has proposed a mega-merger with Anglo American (AAL), taking advantage of the fall in the smaller company’s valuation since early 2023. A combination of the historic miners would be the biggest deal in the industry since Glencore (GLEN) bought Xstrata 11 years ago. 

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