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Glencore and Apollo said to be teaming up on Anglo coal bid

Private equity giant Apollo has again been linked with mining asset purchases, this time said to be considering a joint bid with Glencore for Anglo American‘s Australian coal assets, according to The Australian newspaper.

Glencore and Apollo said to be teaming up on Anglo coal bid Glencore and Apollo said to be teaming up on Anglo coal bid Glencore and Apollo said to be teaming up on Anglo coal bid Glencore and Apollo said to be teaming up on Anglo coal bid Glencore and Apollo said to be teaming up on Anglo coal bid

Anglo American is targeting asset sales of US$3-4 billion this year

Earlier this year, Apollo was named by market sources as a joint bidder with Vale, for Anglo’s Brazilian niobium and phosphates business which China Molybdenum ended up buying for US$1.5 billion.

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