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Market Chatter: BHP CEO Meets With South African Officials, Fueling Speculation Over Anglo American Bid
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Market Chatter: BHP CEO Meets With South African Officials, Fueling Speculation Over Anglo American Bid
Oct 17, 2024 2:22 PM

07:18 AM EDT, 10/17/2024 (MT Newswires) -- BHP Group's ( BHP ) Chief Executive Mike Henry met last week with South African government officials, sparking speculation that the Australian miner will revive its failed bid for Anglo American, the Financial Times reported Wednesday, citing three unnamed people having knowledge of the matter.

Henry and Development Chief Catherine Raw spoke to South African government officials including the state-owned asset manager Public Investment Corp., the report added, citing the people.

BHP is exploring how it may offer a renewed bid after the standstill period ends on Nov. 29, the FT said, citing bankers seeking advisory or financing roles.

BHP, Anglo American, and the Public Investment did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 56.86, Change: +0.13, Percent Change: +0.23

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