Sees meaningful synergies from deal (Il Sole 24 Ore Radiocor) - London, 25 Apr - BHP said the combination would bring together its strengths with those of Anglo American in an optimal structure. Anglo American would bring its assets and long-term growth potential. BHP would bring its higher margin cash generative assets and growth projects along with its larger free cash flows and stronger balance sheet.

The combined entity would have a leading portfolio of large, low-cost, long-life Tier 1 assets focused on iron ore and metallurgical coal and future facing commodities, including potash and copper, which would be expected to generate significant cash flows.

The combined entity would have the financial capacity to support value adding growth projects at the optimal time, while continuing BHP's commitment to shareholder returns.

The combination would also deliver meaningful synergies, including from sharing best practice, creating procurement, operational and marketing synergies and eliminating duplication, which would enhance profitability and value for Anglo American shareholders.

The combined entity would retain BHP's global listings in Australia, London, South Africa, and New York, and Anglo American shareholders would be able to benefit from the BHP's monthly share trading liquidity of approximately 10 billion dollars.

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(RADIOCOR) 25-04-24 10:07:58 (0254) 5 NNNN