The British miner said that its famed diamond business could be divested or demerged to "improve strategic flexibility."
Diamond rings are displayed in a cabinet inside a De Beers SA store in Hong Kong, China, on Thursday, Sept. 14, 2017. Chinese deluxe spending on travel is the "fastest-growing competitor" standing in the way of diamond sales in the world's biggest consumer market, Chief Executive Officer Bruce Cleaver said in an interview.
"Anglo American's shareholders will see the full undiluted upside from these extensive changes, with the value of our copper and iron ore assets brought to the fore," he added.Anglo said on Monday that BHP's £34 billion offer — an increase on its earlier £31 billion bid — continued to "significantly undervalue" the business and remained "highly unattractive" for shareholders.
Source: News Formal (newsformal.com)
Anglo American PLC BHP Group Ltd Business News
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