BHP pursuit of Anglo American highlights corporate-led UK M&A upswing

LONDON, May 30 (Reuters) – BHP Group’s $49 billion bid for Anglo American may have failed but the move highlights how companies have been leading a charge to snap up UK assets as they seek growth in a relatively undervalued market, bankers and analysts said.

“Bidder appetite has definitely accelerated especially among the global corporates,” said James Robinson, Head of UK & Ireland M&A, at JPMorgan. “They’ve been running the slide rule over UK plc for a long time but we are really seeing a pivot to action. Do we continue to see more? The answer is yes.”

Source: REUTER