Showing posts with label Anglo American. Show all posts
Showing posts with label Anglo American. Show all posts
Friday, November 4, 2011
Anglo American Buys 40% Stake in De Beers Group for $5.1 Billion
The Oppenheimer family, which has owned the the De Beers Group for more than 80 years, announced Friday that it will sell its remaining stake in the company to Anglo American plc for $5.1 billion in cash.The move will boost Anglo American’s current 45 percent stake in De Beers to 85 percent. Nicky Oppenheimer will remain as chairman of De Beers and the recently hired CEO, Philippe Mellier, will
Anglo American Buys 40% Stake in De Beers Group for $5.1 Billion
The Oppenheimer family, which has owned the the De Beers Group for more than 80 years, announced Friday that it will sell its remaining stake in the company to Anglo American plc for $5.1 billion in cash.The move will boost Anglo American’s current 45 percent stake in De Beers to 85 percent. Nicky Oppenheimer will remain as chairman of De Beers and the recently hired CEO, Philippe Mellier, will
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