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Angola bids for minority stake in De Beers amid global diamond market shifts.
Angola’s state-owned diamond company Endiama has submitted a fully financed bid for a minority stake in De Beers, as part of a broader effort to create a balanced partnership among key African diamond-producing nations.
The move comes as Anglo American prepares to divest its 85% stake in the 137-year-old company amid declining diamond prices and global market challenges.
Botswana, which currently holds a 15% share, aims to secure a controlling interest, adding complexity to the bidding process.
Angola’s goal is to ensure De Beers remains a globally competitive, private-sector-driven enterprise without dominance by any single nation.
The company is also exploring an IPO or demerger, while President Duma Boko seeks U.S. tariff reductions for natural diamonds.
De Beers recently announced a new kimberlite discovery in Angola, highlighting ongoing exploration and production collaboration.
Angola hace una oferta por una participación minoritaria en De Beers en medio de cambios en el mercado mundial de diamantes.