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Economy News

The Economic Times

Economy / The Economic Times

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De Beers sale: Anglo American picks preferred bidder for company

Anglo American has chosen a consortium led by Gareth Penny as the preferred bidder. This group, known as Global Diamond Consortium, emerged from three competing proposals. Botswana's government is evaluating the preferred bidder's proposal for De Beers. The proposal includes participation from Angola and Namibia as partners. Botswana retains freedom to act as a partner or exercise preemption rights.

18 Jul 2026 12:50 am