Anglo-American gets De Beers in

In a deal rich in historical significance, mining giant Anglo-American has acquired a controlling stake in the diamond producer De Beers for $5.1bn.

In a deal rich in historical significance, mining giant Anglo-American has acquired a controlling stake in the diamond producer De Beers for $5.1bn.

The bare numbers hardly do the deal justice but in essence Anglo-American, which has been a shareholder in De Beers since 1926, will buy the Oppenheimer family's 40% stake in the firm, thus ending the family's involvement after 80 years.

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