Anglo American Ends Oppenheimers’ De Beers Dynasty With $5.1 Billion Deal

Bloomberg reported Anglo American Plc (LSE:AAL) agreed to buy the Oppenheimer family’s 40 percent stake in De Beers for $5.1 billion in cash.

As quoted in the market news:

The transaction will increase Anglo’s holding in De Beers to as much as 85 percent, the London-based company said today in a statement. The deal will add to underlying earnings in the first year of acquisition, Anglo said.

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