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Anglo American (AGPPY.PK) agrees to buy the Oppenheimer family's 40% stake in De Beers for...

Anglo American (AGPPY.PK) agrees to buy the Oppenheimer family's 40% stake in De Beers for $5.1B, thereby increasing its stake to 85%. However, the Botswana government has a pre-emption right over the Oppenheimer holding that would lift its stake to 25% and limit Anglo American to 75%. (PR)
Comments (3)
  • untrusting investor
    , contributor
    Comments (9920) | Send Message
     
    How would Botswana pay for any stake it elected to exercise?
    4 Nov 2011, 10:27 AM Reply Like
  • Chris Ridder
    , contributor
    Comments (160) | Send Message
     
    Botswana is considered the best run economy in southern Africa. At least that is what the South Africans told me when I went there. The country receives a large income from its partnership in the diamond mines located there.
    4 Nov 2011, 11:54 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9920) | Send Message
     
    OK, thanks for the info.
    5 Nov 2011, 12:53 AM Reply Like
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