South Africa's PIC, owning 7% of Anglo, urges BHP to revise takeover bid for Anglo, including unlisted assets.
South Africa's Public Investment Corporation (PIC), a major Anglo investor, has called for a "meaningful revision" of BHP's takeover bid for Anglo. PIC, which owns a 7% stake in Anglo, says BHP's offer should reflect both the value of existing Anglo assets and future benefits from Anglo's unlisted assets. The deadline for BHP to submit a binding offer or withdraw is today, with the possibility of an extension under the UK Takeover code.
May 22, 2024
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