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BHP has moved on from Anglo American, company chairman says

2024.10.29 21:10

SYDNEY (Reuters) – BHP has moved on to focus on other growth opportunities after shareholders of Anglo American (JO:) voted against its takeover approach earlier this year, the company chairman said on Wednesday.

© Reuters. A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration/ File Photo

“We made an approach to Anglo American earlier this year … we thought there was an opportunity here to create something unique and special, a bit of a sort of a one plus one equals three opportunity,” Chairman Ken MacKenzie told BHP’s annual shareholder meeting.

“Unfortunately, Anglo American shareholders had a different view, and they thought there was more value in the plan that their management wanted to execute. And so they moved on. And quite frankly, so have we.”



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