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Anglo American considers sale of De Beers unit, WSJ reports
The Fly

Anglo American considers sale of De Beers unit, WSJ reports

Anglo American (NGLOY) is considering a sale of its De Beers diamond unit and has held discussions with potential buyers, a separate process from BHP‘s (BHP) takeover bid, The Wall Street Journal’s Julie Steinberg reports. According to people familiar with the matter, Anglo American has held conversations in recent weeks about De Beers with luxury houses and Gulf sovereign-wealth funds, and has signaled to potential suitors that it is open to offers. The discussions are at an early stage and a valuation has not been discussed, some of the people say.

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