Anglo American gears up for rerating as demerger looms and M&A speculation swirls

  • Anglo American is approaching a pivotal moment in its restructuring story, with UBS flagging a potential rerating as the group prepares to spin off its platinum business and move closer to a copper-focused identity. The Swiss bank believes the upcoming demerger of Anglo American Platinum on 31 May will remove a key obstacle to a corporate bid, re-opening the possibility of a takeover—either from BHP, which failed in its recent approach, or another buyer.