Angola Bids for Majority Stake in De Beers, Source Says

Angola bids for majority stake in De Beers, source says

Angola has bid for a majority stake in Anglo American (AAL.L), unit De Beers, a source familiar with the matter told Reuters on Friday, setting up a potential standoff with neighbouring Botswana, which is also seeking control of the diamond producer.De Beers, one of the world’s leading diamond companies, operates in Botswana, Namibia, South Africa, and Canada.The source said Angola’s state-owned diamond company Endiama had submitted the offer, c…

Angola Seeks Anglo’s Majority Stake in De Beers – Reports

Angola is upping its interest in De Beers from its previous ask of a minority stake to an offer to purchase owner Anglo American’s entire majority share. The move will help state-owned diamond producer Endiama compete with other bids for De Beers, including those from former CEOs Gareth Penny, leading a Qatari investment fund, and a consortium Bruce Cleaver put together. Australian mining veteran Michael O’Keeffe and Indian billionaire Anil Agar…

Angola bids for Anglo American’s De Beers stake – YourBotswana

25 October 2025 ANGOLA has submitted an offer to acquire Anglo American’s majority stake in De Beers, joining a growing list…