Anglo takes control of De Beers

ANGLO American has agreed to acquire the Oppenheimer family’s 40% stake in De Beers for $US5.1 billion ($A4.9 billion), taking its stake in the diamond company to 85%.

Anglo takes control of De Beers Anglo takes control of De Beers Anglo takes control of De Beers Anglo takes control of De Beers Anglo takes control of De Beers

The Botswana government has pre-emption rights in respect of the stake and has the right to increase its stake in De Beers to 25%, meaning Anglo could only acquire 30%.

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