Botswana Nears 25 Percent Stake in De Beers
Botswana is reportedly nearing a deal to raise its stake in diamond producer De Beers to approximately 25 percent. The Global Diamond Consortium is currently leading the negotiations as the preferred bidder.
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Botswana is nearing an agreement to raise its stake in De Beers to about 25% as the Global Diamond Consortium advances talks to acquire the producer, Bloomberg News reported on Tuesday. The potential deal would expand the government's holding from its current 15% share. The negotiation reflects ongoing restructuring in the diamond sector as mining firms navigate shifting consumer demand.
