Tag: Botwana
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🇧🇼 As De Beers Bid Deadline Looms, Botswana Pushes for Control
As the deadline for bids approaches in the long-running De Beers deal, Botswana is pressing for greater control over one of the world’s most iconic diamond companies. The government, which already holds a 15 percent stake in the firm, is now seeking to increase that ownership to more than half, signaling a bold push to…
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🇬🇧 Anglo American’s handling of the De Beers sale
Anglo American’s handling of the De Beers sale has angered Botswana, which owns 15% of the diamond producer, because the government believes that it hasn’t been properly consulted, sources say. Anglo is selling De Beers as part of a restructuring plan after the company fended off a takeover approach from BHP last year. Botswana is weighing options including buying Anglo’s stake in…
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