Former De Beers Chiefs Eye Return as Anglo American Prepares for Disposal

Former De Beers chiefs eye return as Anglo American prepares for disposal

Sunday Standard Former De Beers chiefs eye return as Anglo American prepares for disposal  Former De Beers executives are circling the diamond giant they once led, as parent company Anglo American prepares to offload its 85 percent stake. The interest was first reported by Bloomberg, citing people familiar with the matter. Gareth Penny and Bruce Cleaver, both former CEOs of De Beers, are reportedly assembling investor groups to consider a bid..i…

Six consortia show interest in De Beers

DE BEERS has attracted interest from at least six consortia, including commodities billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds, Reuters reported in an article published on June 6. As Anglo American pivots towards its core copper and iron ore assets, it is divesting De Beers, though the move is complicated by a slump in global diamond prices. Agarwal, chairman of Vedanta Resources, is among the interested parties as…

Reports: Indian Billionaire, Former CEOs Among Buyers Eyeing De Beers

A number of sources have expressed interest in snapping up De Beers from parent company Anglo American, including ex-chiefs Gareth Penny and Bruce Cleaver, who have each put in separate bids.  Penny, who was with Anglo American for 22 years and headed De Beers for the last five of those until his departure in 2010, is leading one group of buyers, backed by a Qatari investment fund, sources told Reuters. Currently the chair of investment firm Nin…