Mergers & AcquisitionsMedium•13 November 2026•
1 min read
Angola Seeks 10% Stake in De Beers as Anglo American Divests
Key Facts
1Angola is seeking a 10% stake in De Beers as part of Anglo American’s proposed sale of its majority holding.
2Botswana has backed the deal and intends to double its holding in De Beers to 30%.
Angola is seeking a 10% stake in De Beers as part of Anglo American’s proposed sale of its majority holding. Reuters reported that Botswana has backed the deal and intends to double its own holding in the diamond producer to 30%.
NGLOY, representing Anglo American, closed at $25.13 on November 12, 2026, after reaching a day high of $25.55. The interest from Angola follows Anglo American's broader corporate restructuring plan to simplify its portfolio and divest from the diamond giant.