Anglo American purchases an extra 40% of De Beers stake for US$5.1 bil.


AFP

LONDON — Mining giant Anglo American said Friday it agreed to buy another 40 percent of De Beers from South Africa’s Oppenheimer family for US$5.1 billion, giving it a majority stake in the world’s largest diamond firm. “Anglo American has entered into an agreement with CHL and Centhold International Limited, together representing the Oppenheimer family interests, to acquire their 40-percent interest in De Beers for a total cash consideration of US$5.1 billion,” the group said in a statement.