_anglo-american-to-spin-off-de-beers-diamond-business-in-major-restructuring-move-as-it-faces-takeover-pressure-from-bhp.jpg "Anglo American to Spin Off De Beers Diamond Business in Major Restructuring Move as It Faces Takeover Pressure from BHP Group from hotel interior group Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:36
👁 View: 185K times
✓ Published: 15-May-2024
👁 View: 185K times
✓ Published: 15-May-2024
Description:
Anglo American plans to spin off its De Beers diamond business as part of a wider restructuring amid pressure from BHP Group's takeover advances. The mining company will also divest its steelmaking coal, nickel, and platinum divisions following a strategic review. The accelerated overhaul is seen as a defense tactic against a hostile bid from BHP after rejecting its latest $42 billion takeover offer. Selling off non-core assets could attract interest from other potential buyers for parts of the business. Shares of Anglo American fell over 3% in early Tuesday trading.
Anglo American plans to spin off its De Beers diamond business as part of a wider restructuring amid pressure from BHP Group's takeover advances. The mining company will also divest its steelmaking coal, nickel, and platinum divisions following a strategic review. The accelerated overhaul is seen as a defense tactic against a hostile bid from BHP after rejecting its latest $42 billion takeover offer. Selling off non-core assets could attract interest from other potential buyers for parts of the business. Shares of Anglo American fell over 3% in early Tuesday trading.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_39we-are-not-going-to-go-beyond-suvs39-mahindra-group-ceo-124-ndtv-profit.webp "As #Mahindra & Mahindra hits life high on the back of bumper Q4 results, MD & CEO Anish Shah talks to Niraj Shah, only on NDTV Profit.<br/><br/><br/>Watch them discuss the quarter gone by and the company's new announcements. #Q4WithNDTVProfit <br/><br/><br/>Also Read: https://bit.ly/3K7nS1k")
_steam-hotel-interior-design-and-architecture.webp "ESS Group")
_beautiful-hotel-interior-design.webp "Interact Group International")
_pangilinan-group-restores-cagayan-de-oro-water-supply-as-marcos-steps-in.webp "The Pangilinan group restores water supply in Cagayan de Oro after President Ferdinand Marcos Jr. stepped in.<br/><br/>Full story: https://www.rappler.com/nation/mindanao/manny-pangilinan-group-restores-cagayan-de-oro-water-supply-marcos-steps-in/")
_7-top-restaurant-interior-fit-outs-in-dubai-by-aampt-group-interiors.webp "Au0026T GROUP INTERIORS")
_your-summer-gig-guide-for-liverpool.webp "Your summer gig guide for Liverpool")
_new-supermalls-in-metro-manila.webp "Neonflix")
_starrchat-with-dennis-miracles-aboagye-bawumia39s-dir-of-communications.webp "Starr FM")
⏲ 1 hour 27 minutes 35 seconds 👁 3.5K
_39we-are-not-going-to-go-beyond-suvs39-mahindra-group-ceo-124-ndtv-profit.jpg)
_steam-hotel-interior-design-and-architecture.jpg)
_beautiful-hotel-interior-design.jpg)
_pangilinan-group-restores-cagayan-de-oro-water-supply-as-marcos-steps-in.jpg)
_7-top-restaurant-interior-fit-outs-in-dubai-by-aampt-group-interiors.jpg)
_your-summer-gig-guide-for-liverpool.jpg)
_new-supermalls-in-metro-manila.jpg)
_starrchat-with-dennis-miracles-aboagye-bawumia39s-dir-of-communications.jpg)
![[+]](/images/menu.gif){kind=small}