18th Feb 2016 06:46
LONDON (Alliance News) - South32 Ltd could be among the first companies to buy assets which have been put on the block by Anglo American PLC as part of the embattled miner's restructuring plans, Reuters reported.
The two companies share a manganese mining and smelting business with sites in Australia and South Africa, and South32 is understood to be interested in buying out Anglo's 40% stake.
A spokeswoman for South32 said, in an emailed statement: "As a JV partner with a deep understanding of their value, we would be a buyer if the price is right."
http://uk.reuters.com/article/uk-south32-angloamerican-manganese-idUKKCN0VR0BT
By Sam Unsted; [email protected]; @SamUAtAlliance
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