Mmegi

Anglo eyes De Beers exit

Tuesday, May 14, 2024 | 1480 Views |

Anglo American says it will "divest or demerge" from De Beers, meaning it is looking to exit its investment.

Anglo holds 85% in De Beers, with the other 15% held by the Govt of Botswana.

The statement by Anglo this morning, follows weeks of pressure by global mining group, BHP, which is pushing to buy Anglo. Anglo, which has rejected all bids, yesterday said it would update shareholders on its own plans to boost value within the group.

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