Anglo American to sell famous diamond business De Beers in break-up plan
by Jillian Ambrose from World news | The Guardian on (#6MSJJ)
UK mining company reveals break-up plan in bid to avoid takeover by Australia-based BHP
Anglo American plans to sell the diamond business De Beers as part of a sweeping plan to break up the company to defend it against a 34bn takeover plot by its rival BHP.
The embattled London-listed mining company set out a radical new strategy to dismantle parts of the company, including the sale of the world's biggest diamond miner, after rejecting a second unsolicited takeover offer from Australian miner BHP.
Continue reading...