Anglo American would be a ‘positive’ addition to BHP profile

Moody’s Ratings Vice President and Senior Analyst Saranga Ranasinghe has revealed what BHP’s proposal to buy out Anglo American means for both companies.

Last Thursday the world’s largest mining company BHP offered $39 billion to buy Anglo American.

“This proposal was conditional on Anglo divesting its Kumba Iron Ore as well as Anglo American Platinum Limited which together makes up the largest exposure to South Africa for Anglo American,” Ms Ranasinghe told Sky News Australia of the deal.

“Anglo’s board has rejected the proposal.

“Under UK takeover law, BHP has until the 22nd of May to make either a firm offer or declare its intentions of not doing so.

“From a credit perspective - from a Moody’s perspective we think the combination of these two companies is going to be positive for BHP’s business profile.”

Видео Anglo American would be a ‘positive’ addition to BHP profile канала Sky News Australia