Anglo American Stock Slides After $3.9B Coal Exit — London Traders React
Anglo American shares fell 2.44% to 3,739.5 pence after the company agreed to sell its Australian steelmaking coal business to Dhilmar for up to $3.875 billion. The deal includes $2.3 billion upfront and up to $1.575 billion in future payments tied to coal prices. The sale is intended to clear the way for Anglo’s planned merger with Teck Resources. The transaction still requires regulatory approval.