Anglo American spin-offs likely to require South African approval

Under BHP’s offer, Anglo would need to first divest its controlling interests in Kumba Iron Ore Ltd and Anglo American Platinum Ltd. — Bloomberg

SYDNEY: BHP Group Ltd’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely require approval from South African regulators, according to a government agency.

Under BHP’s offer, Anglo would need to first divest its controlling interests in Kumba Iron Ore Ltd and Anglo American Platinum Ltd, both of which are listed in Johannesburg and operate assets in South Africa.