Anglo American, a major UK mining company, plans to restructure its business after rejecting a £34 billion bid from rival BHP.
The restructuring involves selling or splitting off key parts of the company, including its De Beers diamond business and Anglo American Platinum.
The aim is to focus on copper, iron ore, and crop nutrients, anticipating benefits from the global shift to clean energy.
This move follows pressure to deliver value to investors amidst takeover attempts.
The rejected bid from BHP was seen as undervaluing Anglo American.
If successful, the takeover would have combined two major mining companies, but could have faced regulatory challenges.
Credit: BBC
https://www.bbc.com/news/articles/c88zz55p5q7o