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Analysts Say Anglo Likely to Sell or Shutdown Platinum Mines
Feb. 20, 2012 04:07PM PST
Precious MetalsBloomberg reported Anglo American Plc (JSE:AAL) is more likely to sell or shut platinum mines than spin off its stake according to analysts.
Bloomberg reported Anglo American Plc (JSE:AAL) is more likely to sell or shut platinum mines than spin off its stake according to analysts.
As quoted in the market news:
Selling all of Anglo American Platinum would cut Anglo’s market value by about $15 billion, making it an “easier takeover target” for parties including a combined Glencore International Plc-Xstrata Plc, Clinton Duncan of Johannesburg- based Avior said by e-mail.