[miningmx.com] — ANGLO American said on Friday its $5.1bn buyout of
the Oppenheimer family’s 40% stake in De Beers has received all the necessary
regulatory approvals, following consent for the deal from South Africa’s Minister of
Mineral Resources.
The focus would now shift to the government of Botswana over whether it would use
its pre-emption right to increase its holding in De Beers to 25%, from an existing
15%. Should Botswana decide to take up the option, Anglo’s total interest in De Beers
would increase to 75%.
The transaction is expected to close before year-end.
