De Beers, owned by Anglo American Plc, may sell its diamond unit amid a $39bn BHP Group bid.
De Beers, owned by Anglo American Plc, may sell its diamond unit amid a $39bn bid from mining giant BHP Group Ltd, according to the Wall Street Journal. De Beers, which has underperformed due to a slow diamond market recovery, is considering various options to enhance shareholder value. However, selling its diamond division would not be an easy process due to De Beers' significance in the global market.
April 29, 2024
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