S MAISOUE
The groups of prospective purchasers are being led by Bruce Cleaver and Gareth Penny. Michael O'Keeffe, a veteran of the Australian mining business, is also interested. According to people who spoke to Bloomberg, Anglo is collaborating with advisors who are getting ready to begin the sale process.
Cleaver, Penny, and Anglo American have not responded to the information.
The departure from De Beers is the last phase of a restructuring plan that Anglo chairman Duncan Wanblad approved last year after Anglo turned down a BHP takeover. Anglo has previously committed to selling its nickel and coal holdings, and in June it completed the spin-off of its platinum division from Anglo American Platinum.
After writing down De Beers' worth by $4.1 billion over the course of two years, Anglo is selling the company at a time when the diamond market is experiencing a protracted crisis.
source: bloomberg.com
Cleaver, Penny, and Anglo American have not responded to the information.
The departure from De Beers is the last phase of a restructuring plan that Anglo chairman Duncan Wanblad approved last year after Anglo turned down a BHP takeover. Anglo has previously committed to selling its nickel and coal holdings, and in June it completed the spin-off of its platinum division from Anglo American Platinum.
After writing down De Beers' worth by $4.1 billion over the course of two years, Anglo is selling the company at a time when the diamond market is experiencing a protracted crisis.
source: bloomberg.com