Deals
BHP Spinoff South32 Said Interested in $1 Billion Anglo Sale
- Anglo planning to sell Brazil niobium, phosphate operations
- South32 seeks to hire adviser for bidding process, people say
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South32 Ltd., the aluminum, coal and manganese producer spun out of BHP Billiton Ltd. last year, is considering bidding for Anglo American Plc’s $1 billion niobium and phosphate business in Brazil, according to three people familiar with the situation.
South32 sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process, the people said, asking not to be identified because the information is confidential. Goldman Sachs Group Inc. and Morgan Stanley are managing the sale for Anglo, the people said.