Anglo American to sell coal unit to Peabody for $3.78 billion

Anglo American Plc has agreed to sell its steelmaking coal business to Peabody Energy Corp. for up to $3.78 billion, advancing its restructuring strategy to focus on copper, premium iron ore, and crop nutrients. This divestment marks a key step in Anglo's simplification plan, following a strong defence against BHP Group's takeover attempt earlier this year.

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By Thomas Biesheuvel and Dylan Griffiths ___STEADY_PAYWALL___