Anglo American completes acquisition of De Beers shareholding
Anglo American plc ("Anglo American") announces the completion of its acquisition of a 40% shareholding in De Beers from CHL (representing the Oppenheimer family interests), thereby increasing Anglo American's shareholding in De Beers to 85%.
Under the terms of the November 2011 agreement between Anglo American and CHL, Anglo American has paid a total cash consideration of $5.2 billion, comprising the agreed purchase price of $5.1 billion and a number of adjustments as provided for under the agreement.
For further information, please contact:
Tel: +44 (0)20 7968 8759
Tel: +44 (0)20 7968 2192
Tel: +44 (0)20 7968 8481
Tel: +27 (0)11 638 2592
Tel: +27 (0)11 638 3262
Notes to editors:
Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company's mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.
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