This post was originally published on this site. Botswana has selected the Gareth Penny-led Global Diamond Consortium (GDC) as its preferred buyer for Anglo American’s (LON: AAL) controlling stake in De Beers, but President Duma Boko’s demand to double the country’s ownership to 30% could complicate the $1 billion takeover. Boko announced the decision Monday during his annual State of the Nation address in Gaborone. The consortium, led by the former De Beers CEO, had already emerged as Anglo’s preferred bidder for its 85% holding. Botswana’s endorsement clears a major hurdle because the government, which owns the remaining 15%, holds...
November 10, 2026November 10, 2026
