(Igor Golovniv/Getty Images)
Glencore is considering a possible takeover by Anglo American, a move that could set up a takeover battle with BHP Group over the mining company, Reuters reported, citing anonymous sources. be.
Glencore has held preliminary internal discussions but may not ultimately approach Anglo, Reuters reported late Thursday.
A Glencore spokesperson told Reuters the company does not comment on rumors or speculation.
Anglo last week rejected a $39 billion (then about R740 billion) all-share offer from BHP. The Australian mining company is considering submitting an improvement proposal, sources said on Saturday.
Read | BHP claims it is not anti-SA as it sends executives to persuade government and shareholders over UK deal
The partnership with Anglo will give BHP about 10% of the world's copper mine supply, ahead of a metal shortage that some watchers predict will send prices soaring. This will amount to approximately 10% of the total.
Anglo's American deposit receipts soared in New York trading on Thursday, rising as much as 7.5%.
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