Anglo American plc (LSE:AAL) is poised to kick off the $1 billon sale of its Brazilian niobium and phosphate business as the firm attempts to raise cash to prop up its ailing balance sheet. The Brazilian operation is the biggest Cutifani has put up for sale. Goldman Sachs and Morgan Stanley have reportedly been mandated to run the auction process with a number of potential suitors circling.
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10:33am | Anglo American Backs Copper, Iron Ore Targets After In-Line Performances -- Commodity Comment | DJ |
09:52am | Anglo American plans to complete divestments by end of 2025 | AN |
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+18.32% | 25.1B | |
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+49.42% | 18.87B |
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