Fin24

Anglo De Beers buyout gets green light

2012-04-11 11:20

Cape Town - South Africa's competition authority said on Wednesday it has given an unconditional green light to global miner Anglo American's $5.1bn buy-out of unlisted diamond giant De Beers from the Oppenheimer family.

"The tribunal just approved the transaction without conditions," a spokesperson for the Competition Tribunal said. The deal was widely expected to be approved.