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Anglo completes De Beers transaction

Aug 16 2012 18:34
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Last traded 187
Change 8
% Change 4
Cumulative volume 4484341
Market cap 0

Last Updated: 21-10-2016 at 05:00. 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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