Botswana to Double De Beers Stake
Botswana plans to double its stake in De Beers to thirty percent as part of Anglo American's proposed sale of the diamond producer. The government confirmed its full backing for the consortium deal, securing major influence in future strategic decisions.
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Botswana will double its holding in De Beers to 30% under an Anglo American plc stake sale, President Duma Boko said on Monday. The backing secures Botswana's position as the diamond producer's single largest shareholder as current owners restructure. The deal aligns key supply chain players to revive natural diamond demand amid rising synthetic competition.
