De Beers is up for sale: Anglo American

Confirming recent reports, Anglo American announced today that De Beers will indeed be "divested or demerged" from its portfolio
De Beers is up for sale: Anglo American

During an online investor presentation, Anglo CEO Duncan Wanblad outlined plans for the sale of De Beers, along with several other assets of Anglo American, including its platinum unit, with an anticipated completion date by the end of 2025.

"We're only just starting," Wanblad remarked. "There are potentially a number of pathways. All of them are on the table at the moment." He emphasized the value of De Beers as "a great business, with fantastic assets and an exceptional brand." He further elaborated that the process of selling De Beers would involve exploring various options, such as a trade sale or a demerger, in collaboration with one of their significant stakeholders, the government of Botswana.

Diamond World