Anglo Nears De Beers Sale As Three Potential Buyers Emerge - ANGLO AMER PLC ORD. by Anglo American Plc (OTC:AAUKF), Anglo American (OTC:AAUKD)

Anglo Nears De Beers Sale As Three Potential Buyers Emerge - ANGLO AMER PLC ORD. by Anglo American plc (OTC:AAUKF), Anglo American (OTC:AAUKD)

Anglo American (OTCQX:AAUKD) is nearing the start of a formal sales process for its diamond unit, De Beers. The firm has owned the brand since 2011, but a comprehensive restructuring following a failed $49 billion bid from BHP last year has led the firm to focus on other commodities. According to Bloomberg, three interested bidders are for the 136-year-old diamond brand, including former De Beers CEOs Gareth Penny and Bruce Cleaver and Australia…

De Beers Draws Interest From Ex-CEOs as Anglo Starts Sale

Anglo American Plc is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond miner.

Sale of De Beers draws interest from former CEOs: report

ANGLO American’s planned sale of De Beers is drawing interest from former CEOs of the diamond mining giant, Bloomberg News reported on Thursday. The disposal represents the final phase of a comprehensive restructuring programme outlined by Anglo CEO Duncan Wanblad last year as the company defended against a takeover bid from BHP. Anglo has already agreed to sell its coal and nickel operations and spun off its platinum business this week. Former …