Anglo American's plan to spin off its thermal coal assets has been a year or two in the making but it's coming to fruition very quickly. Like a number of other mining companies, Anglo is stepping away from thermal coal, which will keep environmentalists on its side. It will also allow investment funds with a clean energy mandate to invest in its shares.

Alongside Anglo's announcement of the demerger of its local thermal coal operations, Thungela Resources issued its prospectus ahead of its planned listing on the JSE and the London Stock Exchange in June. That's if it gets the approval of shareholders and regulators. If you're a shareholder, you'll get shares in the company when it's unbundled by Anglo.

More details on that transaction in your final newsletter for the week, along with the results of Prosus's sale of a 2% stake in Tencent and the cost of the recent alcohol bans to Pick n Pay. Still, the retailer says its core grocery business reported market-leading sales growth last year.

Finally, all the latest mergers and acquisitions news from our partners at DealMakers.

Have a good weekend.

Stephen Gunnion

Managing Editor, InceConnect

The latest from Ingham Analytics

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