Anglo American plans breakup following rejection of £34bn BHP bid

De Beers among assets to be carved out

Anglo American has laid out plans to break up the mining group following its rejection of an improved £34bn takeover bid from rival BHP.

As part of the split, diamond company De Beers is set to be divested or demerged, while the group also plans to split off its platinum and steelmaking coal business as it explores options for its nickel arm. Investment Association urges FCA to retain shareholder protections in revamped listings regime The move will result in Anglo American focusing its efforts on copper, premium iron ore and crop nutrients, with proceeds from the split used to shore up its balance sheet. The group has highlighted three key benefits resulting from the split: undiluted shareholder participation in a ...