Codelco and Anglo Want More Time to Talk

Codelco and Anglo Want More Time to Talk

Chile Europe M&A

Anglo American and Codelco will ask for a second extension, to mid August, to finish discussions aimed at resolving a dispute over ownership of Anglo’s Chilean unit, Codelco says. The pair, fighting over the Anglo American Sur mine, had in May requested a pause in court proceedings to allow for talks, and pushed back the first June 22 deadline to July 17. Coldelco wants to exercise a decades-old option to buy 49% of Anglo American Sur. Anglo agreed in November to sell 24.5% of the unit to Mitsub

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