Anglo shareholder LGIM says BHP approach 'unattractive'

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Apr252024NOCOMMENTS

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Anglo shareholder LGIM says BHP approach ‘unattractive’

Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is “highly opportunistic” and “unattractive”.

“As with many other UK-listed companies, we believe the valuation of Anglo American to be depressed and regard the proposed exchange ratio as an unattractive proposition for long-term investors,” Nick Stansbury, head of climate solutions at Legal & General Investment Management (LGIM), told Reuters in an email on Thursday.

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Maganyeni Holdings is committed to giving clients quality services that satisfy their expectations in compliance with regulatory and statutory requirements. In doing so, we ensure the sustainability of our business.

Anglo shareholder LGIM says BHP approach ‘unattractive’

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