Anglo considers sale of diamond unit De Beers

(Image: Getty)

Fri, 26 Apr 2024

By Julie SteinbergMiner Anglo American is considering a sale of De Beers, its storied diamond unit that has recently struggled, according to people familiar with the matter. The London-listed company has held conversations in recent weeks with potential buyers, including luxury houses and Gulf sovereign wealth funds, the people said. Anglo has signalled to potential suitors that it is open to offers, according to the people. The discussions are at an early stage, some of the people said, and a valuation hasn’t been discussed. An...

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