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Listing De Beers is the only way out for Anglo American

Summary by Miningmx

RECENT reports suggest Anglo American is exploring listing options for De Beers. In my opinion, this is the only route that Anglo can realistically pursue for the separation of De Beers. The Oppenheimer family exited De Beers in 2012 when Anglo American bought its 40% shareholding for $5.1bn, imputing a value of $12.75bn for De Beers. In 2024 Anglo took an impairment charge (before tax of $2.9bn) writing down its 85% to a “realisable” value of $…

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rapaport.com

Anglo American in Talks with Banks Regarding De Beers IPO – Report

De Beers parent company Anglo American has begun meetings with several banks about listing the miner for an initial public offering (IPO), according to Bloomberg. The move is part of a restructuring plan Anglo American announced last year to divest itself from the diamond miner and other units in its portfolio in order to deliver growth and focus on its core businesses. Meanwhile, the conglomerate is looking to sell the company as well. “Anglo…

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