Angola Seeks 10 Percent Stake in De Beers
Angola is pursuing a 10 percent holding in De Beers as part of Anglo American's planned sale. Botswana recently backed the deal to double its own stake to 30 percent while Namibia also seeks participation.
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Angola is seeking a 10% holding in De Beers as part of ANGLO AMERICAN PLC's proposed sale of its majority stake, a mines ministry spokesperson said on Friday afternoon. The move follows Botswana's decision to back the deal and double its own holding to 30%. Producer-state involvement is reshaping the auction of the world's largest diamond miner by value amid falling stone prices and synthetic competition.
