Anglo American pays Oppenheimer family US$5.1 billion for 40% of De Beers
Anglo American (LON:AAL) increased its interested in De Beers from 45% to 85% by buying out the Oppenheimer family for US$5.1 billion.
De Beers is looking to Anglo American for better operational management.
"Anglo American is well positioned to enhance the value of De Beers through its expertise and scale in such areas as technical, supply chain and financial management functions as part of a simplified and more integrated ownership structure," said the company in a statement.