History of demergers, spinoffs in mining says there will be more
Analysts are split over whether the spinoffs unveiled by BHP Billiton and AngloGold Ashanti could be the start of a broader industry trend, but agree they will see investors increase pressure on management to deal with underperforming assets.
Analysts are split over whether the spinoffs unveiled by BHP Billiton and AngloGold Ashanti could be the start of a broader industry trend, but agree they will see investors increase pressure on management to deal with underperforming assets.
BHP and AngloGold’s rationales for their spinoffs are very different, but both will go some way to addressing a “South African discount" on their assets, analysts say.
