Botswana Is Moving to Buy Majority Stake in De Beers, President Says

Botswana is moving to buy majority stake in De Beers, president says

Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company.

Botswana President Reiterates Plan to Buy Majority of De Beers

Botswana working on majority stake in De Beers

BOTSWANA is taking steps to buy a majority stake in De Beers following Angola’s rival bid for the diamond producer, said Reuters citing the comments of President Duma Boko. The southern African nation, which owns 15% of De Beers and supplies 70% of its annual rough diamond output, regards the company as a strategic national asset despite a global price slump that has damaged its economy, the newswire said. Boko told parliament during a State of …

Botswana taking steps to acquire majority stake in De Beers, president says \ stacker news ~econ

https://www.reuters.com/world/africa/botswana-taking-steps-acquire-majority-stake-de-beers-president-says-2025-11-10/ GABORONE, Nov 10 (Reuters) - Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15% of De Beers and contributes 70% of its annual rough diamond production, considers the company a strategic…

Botswana President Restates Interest in De Beers' Acquisition

Botswana’s president reaffirmed his intention to acquire a majority stake in De Beers, as Anglo American Plc considers selling its controlling interest in the renowned diamond company. “The government will pursue a majority stake,” Duma Boko stated Monday during an annual address in Gaborone, Botswana’s capital. “Concrete steps are underway to acquire Anglo-American shares in De Beers.” Anglo is selling its 85 per cent stake in De Beers as part …