Codelco, Anglo Settle Mine Fight

Codelco, Anglo Settle Mine Fight

Chile Europe M&A

Codelco and Anglo American have ended their dispute over a Chilean mining complex, Codelco says, with Chilean miner ending up with a lower stake than it wanted, but at a discounted price. The $2.9bn deal for a piece of Anglo’s Anglo American Sur (AA Sur) unit comes the day before a court-imposed deadline. Anglo reduces its ownership to 50.1% from 75.5%, while Codelco and its financing partner Mitsui come away with a 29.5% stake, below the 49% it originally sought. In the first piece of the trans

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