Tarmac, the building materials group, could be offloaded by its owner, Anglo American, after the mining group yesterday received an offer of as much $6bn from Marwyn Materials.
Anglo refused to comment on the deal, but reasserted that Tarmac, and the company's other non-core assets, were all for sale. A spokesman stressed that Anglo would wait for an appropriate price. Analysts have suggested that Tarmac could be worth between $4bn and $6bn.
Marwyn, an acquisition vehicle, is often backed by the private equity group CVC Capital Partners. A spokeswoman for CVC refused to comment yesterday. Under any deal it is understood that Anglo will retain a minority stake in the company.
The miner has already offloaded a number of its non-core assets after fending off a merger approach from Xstrata last year. At the time, chairman Sir John Parker promised investors that the group would streamline itself in return for shareholder support in rejecting Xstrata's bid.Reuse content