May 9, 11:40 PM

BHP Insists on Divesting Anglo American's South African Assets; Local Shareholders Urged to Reject Bid; Accelerate Turnaround Plan

BHP is insistent on divesting Anglo American's South African assets in any potential takeover, a move crucial to its strategy. South Africa's largest labor union urges local shareholders to reject BHP's bid for Anglo American. Anglo American's South African investors are open to an improved bid from BHP, with pressure mounting for the company to accelerate its turnaround plan to counter BHP's takeover attempt.

#BHP #Anglo American #South African #South Africa

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