De Beers Sale in ‘Final, Most Challenging’ Phase, Anglo CEO Says
Anglo American CEO Duncan Wanblad announced that the sale of De Beers is in its final and most challenging phase. The company aims to complete the private divestment by the end of 2026, rejecting the possibility of an IPO due to current market conditions.
Why it matters
De Beers is a dominant force in the global diamond industry, and its ownership transition will significantly impact market stability and supply chain dynamics.
De Beers Sale in ‘Final, Most Challenging’ Phase, Anglo CEO Says
The goal is for the De Beers sale to be finished by the second half of 2026, with the subsequent approvals process expected to take a year.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in