(Reuters) - Miner Anglo American unveiled plans to sell Tarmac, its UK-based road building unit, as it met forecasts with a 22 percent rise in first-half earnings and announced a further $4 billion share buyback.
The sale, which analysts believe could raise around $6 billion, is the latest move by Anglo aimed at focusing on its core mining business following bouts of underperformance against its peers and speculation it might attract a break-up bid.
Read more at Reuters Africa
The sale, which analysts believe could raise around $6 billion, is the latest move by Anglo aimed at focusing on its core mining business following bouts of underperformance against its peers and speculation it might attract a break-up bid.
Read more at Reuters Africa
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