Anglo completes De Beers share deal
17th Aug 2012
AUG 17 – UK-based global miner Anglo American has locked up its 85% shareholding in a $US5.2B deal to acquire the 40% equity of interests associated with the founding Oppenheimer family.
De Beers has welcomed its new dominant shareholder, saying that combining Anglo American’s scale and resources with its own diamond expertise and iconic brand will further capture the potential of a rapidly evolving diamond industry.
The Anglo American acquisition became possible after the Botswana government, which holds the remaining 15% of the company, chose not to exercise its pre-emptive rights to acquire additional shares up to 25% total equity.
The growing partnership between Anglo American and the Botswana government as De Beers shareholders was illustrated by the official launch this week of the diamond icon’s worldwide diamond aggregation centre in Botswana.
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