Anglo American in talks over China deal: report

LONDON (Reuters) - Anglo American is building its defenses against a 41 billion pound ($67.74 billion) merger approach from Xstrata by plotting talks about a major Chinese investment, the Sunday Telegraph reported. The newspaper also said Anglo American had reignited plans to appoint Sir John Parker as chairman and had made an attempt to recruit him in recent days. The report said Anglo, which rebuffed a proposal from Xstrata to consider a merger of equals, is to open talks with (Chinalco)... [read full story]                    

powered by