25-04-2024
Spoke too soon:
Interestingly, the Wall Street Journal is reporting that Anglo American is considering a sale of its diamond business De Beers.
The WSJ says Anglo has had discussions with potential buyers, in a separate process from BHPââ¬â¢s takeover bid.
It adds:
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 signaled to potential suitors that it is open to offers, according to people familiar with the matter.
This plan wouldnââ¬â¢t appear to derail BHPââ¬â¢s ambitions, given it appears to be interested in Angloââ¬â¢s copper production arm. Forbes are reporting that the De Beers diamond business is ââ¬Åcertain to be soldââ¬ï¿¾ if the BHP deal goes through.