COMPANY COMMENT
Anglo American takes big surprise bet on fertiliser
Anglo is not buying the asset for the short-term fertiliser market outlook; rather, it is adding a deposit that has decades-worth of resources
08 January 2020 - 18:29
Anglo American caught the market by surprise, making it known it is interested in launching a R7.24bn bid for the whole of a UK potash miner.
The proposed cash offer, which was at a hefty 62% premium to the preceding three-month volume-weighted average price, equates to $506m...
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