Anglo American completes acquisition of De Beers shareholding
16 August, 2012
Anglo American plc ("Anglo American") announces the completion of its acquisition of a 40% shareholding in De Beers from CHL (representing the Oppenheimer family interests), thereby increasing Anglo American’s shareholding in De Beers to 85%.
Under the terms of the November 2011 agreement between Anglo American and CHL, Anglo American has paid a total cash consideration of $5.2 billion, comprising the agreed purchase price of $5.1 billion and a number of adjustments as provided for under the agreement.