Anglo American Confirms De Beers Will Be Sold or Demerged
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Anglo American
CONFIRMED90% CONFIDENCEAnglo American's[1] 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.'
Anglo American said De Beers is "to be divested or demerged" as part of a radical portfolio simplification, with CEO Duncan Wanblad saying he expected a sale to complete by the end of 2025 - a timeline the diamond market's slump has since pushed well past.
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