BHP Group Weighs Potential Takeover of Anglo American

-- BHP Group Ltd. is considering a potential takeover of Anglo American Plc , according to people with knowledge of the matter, in what could rank as this year’s biggest deal.Biden’s New Chopper Is Demoted After Scorching White House Lawn

Anglo has faced a series of major setbacks over the past year, as prices for some of its key products plunged, while operational difficulties have forced the company to slash its production targets — driving down its valuation and leaving the company vulnerable to potential bidders.Anglo’s shares have dropped 12% over the last 12 months, giving the company a market value of £27 billion . BHP, which trades in London and Sydney, has a market value of about $149 billion.

While Anglo’s valuation may make it more attractive, it remains a highly complicated business. The company owns majority stakes in two South African-listed miners — Anglo American Platinum Ltd. and Kumba Iron ore Ltd. — and is the majority owner of diamond miner De Beers. Anglo’s South American copper business has long been sought after by bigger players in the industry, although it has recently faced setbacks and had to reduce its copper production forecasts.

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