Govt rebuffed offer to up stake in De Beers
Friday, April 01, 2016
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Mokaila
In 2011, Anglo American bought the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash, ending the dynasty’s 80-year ownership in the world’s largest diamond miner.
The transaction increased Anglo’s holding in De Beers to as much as 85 percent, with the remainder held by government.
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