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Anglo American’s South African investors open to revised BHP offer

ICYMI: But such a takeover of London-listed mining firm opposed by politicians and unions in South Africa

South African shareholders of the mining company Anglo American have signalled they are open to a revised takeover offer from BHP, despite warnings from South African politicians and unions that a deal could be bad for the country.

Investors, which collectively own more than 15% of the London-listed mining company, told the Financial Times that they were not opposed in principle to an acquisition by its Australian rival but said an improved and less complex offer would be needed. Continue reading…
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