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Anglo completes De Beers transaction

Aug 16 2012 18:34 I-Net Bridge

Company Data

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 274.80
Change 1.79
% Change 0.01
Cumulative volume 570303
Market cap 386.22bn

Last Updated: 23/04/2014 at 01:47. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Resources giant Anglo American [JSE:AGL] said on Thursday it had completed its acquisition of a 40% shareholding in De Beers from CHL - representing the Oppenheimer family interests.

The deal increases Anglo’s shareholding in De Beers to 85%.

The company has paid $5.2bn‚ comprising the agreed purchase price of $5.1 billion and a number of adjustments as provided for under the agreement.

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