Botswana’s government will increase its stake in diamond producer De Beers to 30%, its president said on Monday, backing a bid by the Global Diamond Consortium group for the 85% stake put up for sale by Anglo American.
“Botswana’s shareholding in De Beers will double from the current 15%. Botswana will become the single largest shareholder in De Beers,” President Duma Boko said in a speech in parliament.
Botswana’s government will increase its stake in diamond producer De Beers to 30%, Boko said on Monday, backing a bid by the Global Diamond Consortium group for the 85% stake put up for sale by Anglo American.
“Botswana’s shareholding in De Beers will double from the current 15%. Botswana will become the single largest shareholder in De Beers,” Boko said in a speech in parliament.
–Reuters–
