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Day: April 9, 2018

Diamonds: Anglo American to pay US$5.1 billion for 40% of De Beers

Posted on April 9, 2018April 9, 2018 by

Friday, November 4, 2011 Anglo American PLC has negotiated a price of US$5.1 billion to buy 40% of diamond giant De Beers from the Oppenheimer family. Anglo’s stake will jump from 45% to either 75% or 85%; the Botswanan government has an option to increase its own stake. “This has been a momentous and difficult […]

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