According to sources, the mining giant BHP Group is making a new attempt to take over rival Anglo American.
The company has made advances to Anglo in recent days, the Bloomberg news agency reported on Sunday, citing people familiar with the matter. BHP had already made an attempt to swallow Anglo for $49 billion last year, but failed due to resistance from the takeover target. BHP Billiton is currently worth more than $130 billion on the stock market. Thanks to an upswing in shares this year, Anglo American currently has almost 32 billion British pounds ($41.8 billion) on the scales.
Anglo, meanwhile, is in the process of buying Canadian miner Teck Resources in an all-stock deal to form an industry giant in the extraction of copper, zinc and other metals on several continents. The takeover still needs to be approved by shareholders and supervisors.
/men
LONDON (dpa-AFX)
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