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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 269.36
Change 0.45
% Change 0.00
Cumulative volume 914864
Market cap 378.58bn

Last Updated: 01/09/2014 at 03:33. 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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