Anglo American takes big surprise bet on fertiliser

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business Business Headlines News

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

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.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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines