Anglo American's Proposed Breakup Plan and Value Creation Strategy

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Anglo American plans to streamline its operations into copper, iron ore, and crop nutrients divisions by selling or spinning off businesses like platinum, coal mines, diamonds, and nickel. The strategic move responds to a takeover offer by BHP and seeks to unlock shareholder value through addressing underperforming sectors.

The Biden administration is encouraging Arab states to participate in a multinational force that could deploy in Gaza once the war ends, Anglo American plans to thwart BHP’s £34bn takeover bid by breaking itself up, and the US is sharply raising tariffs on Chinese imports from electric vehicles to solar cells. Plus, Singapore’s new prime minister has his work cut out.

Mentioned in this podcast:

US encouraging Arab states to join multinational postwar force in Gaza

Anglo American plans break-up to thwart £34bn BHP bid

US sharply raises tariffs on Chinese EVs and semiconductor imports

Lawrence Wong, Singapore’s next PM faces an ever trickier balancing act

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Mischa Frankl-Duval, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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