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- May 14, 202490% CONFIDENCEfrom the source
Anglo American Confirms De Beers Will Be Sold or Demerged
- Anglo American said on 14 May 2024 that De Beers is "to be divested or demerged" as it radically simplifies its portfolio around copper, premium iron ore and crop nutrients[1]
- CEO Duncan Wanblad told investors he expected the De Beers sale, along with the platinum and coal units, to complete by the end of 2025[2]
- Anglo owns 85% of De Beers and the government of Botswana the remaining 15%; Wanblad said any sale must be agreed alongside Botswana[2]
- Wanblad declined to name possible buyers, saying "there are a potential number of pathways" including a trade sale or a demerger[2]
References 290% CONFIDENCE
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%angloamerican.com/media/press-releases/2024/14-05-2024angloamerican.com· Posted Sep 25, 2026· Starts May 14, 2024 ✓· 97% of score
Anglo American's release is dated '14 May, 2024' and states plainly: 'De Beers – To be divested or demerged, to improve strategic flexibility for both De Beers and Anglo American.'
- [2]85%Anglo American Confirms De Beers Is Up for Salejckonline.com· Published May 14, 2024· 3% of score
Reports Wanblad's investor-presentation comments that a De Beers sale, alongside the platinum unit, was expected 'to be completed by the end of 2025', and that Anglo controls 85% of De Beers against Botswana's 15%.[1]
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