Botswana Says It’s in Talks About Increasing Stake in De Beers
- Government to play role in selecting investor to replace Anglo
- Anglo is preparing to sell or separate De Beers diamond unit
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Botswana said it’s in talks over increasing its shareholding in De Beers, as Anglo American Plc prepares to end its almost century-long relationship with the iconic diamond producer.
As part of a turnaround plan to fend off an approach from BHP Group, Anglo last month said it planned to sell or separate De Beers, in which it holds an 85% stake. The remainder is owned by Botswana, the southern African nation that holds the company’s biggest diamond mines.