Botswana Diamonds Takeover Rumours (BOD)

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 BHP’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 wouldn’t appear to derail BHP’s ambitions, given it appears to be interested in Anglo’s copper production arm. Forbes are reporting that the De Beers diamond business is “certain to be soldâ€￾ if the BHP deal goes through.