Anglo shares rise amid renewed takeover speculation
BHP is now free to relaunch a bid to acquire Anglo, as the six-month standstill mandated by London’s takeover rules has expired.
The Renova Foundation, set up by BHP Group and Vale SA to compensate for a deadly dam burst at a jointly owned Brazilian mine in 2015, will spend 5.86 billion reais ($1.09 billion) this year, up about 25% from 2020, its executive-director told Reuters in an interview on Friday.
($1 = 5.37 reais)
(By Marta Nogueira and Gram Slattery; Editing by Brad Haynes)
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