Anglo launches R7.6bn bid for UK fertiliser miner

Anglo launches £405m bid for UK potash miner

21.1.2020

Anglo launches £405m bid for UK potash miner

Anglo American is making a return to the fertiliser business with an all-cash bid for the whole of Sirius Minerals

BL PREMIUM 20 January 2020 - 10:29 Allan Seccombe Anglo American made a formal bid on Monday of a £405m (R7.6bn) cash offer for the whole of London-listed Sirius Minerals, a miner building a polyhalite operation in the UK to provide fertiliser feedstock to the global market. Anglo is offering 5.5 pence per share, which is a 62% premium over the volume-weighted average price over the previous three months of 3.4p. B Premium This article is reserved for our subscribers. A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select. Already subscribed? Simply sign in below. Read more: Business Day

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