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EU launches new probe as De Beers bid looks unstoppable

SOUTH African diamond cartel De Beers is riding high as an US$18.7 billion takeover bid by an Anglo American-led consortium seems assured of success after Brandes Investment Partners rather begrudgingly said it would accept the offer.

Greg Tubby

Brandes and fellow US De Beers shareholder Southeastern Asset Management had been holding out for a higher bid. "We stood up on valuation and principle. We did get a 13% increase in value of the diamond...

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