BHP is betting self-interest trumps politics on Anglo American
Convincing South Africa’s government its $60 billion takeover bid for the mining multinational is politically palatable is part of BHP’s challenge in a particularly complex deal.
BHP executives are in South Africa trying to persuade government stakeholders and investors of the mutual benefits that could flow from BHP’s takeover plan for Anglo American.
They are optimistic that economic self-interest will overwhelm political arguments about BHP’s proposal for a spin-off of Anglo American’s stake in its South African iron ore and platinum businesses even before the deal is consummated.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
