Diamond-rich Botswana says it will increase its stake in De Beers to 30% under proposed sale
Botswana's president said Monday that the diamond-rich southern African country will double its stake in De Beers to 30% under a proposed deal by a consortium of investors to buy Anglo American's shares in the company.
TL;DR
- Botswana will increase its stake in De Beers to 30%.
- This stake increase is part of a proposed deal by investors.
- The deal involves a consortium buying Anglo American's shares in De Beers.