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Anglo American Completes De Beers Acquisition

The mining company’s share price dipped 2.3 percent on the news.

LONDON — Anglo American, one of the world’s leading mining companies, said it has completed its acquisition of a further 40 percent stake in the De Beers diamond company.

Anglo American purchased the stake from the Oppenheimer family for a total cash consideration of $5.2 billion, in a deal that was announced late last year.

Anglo American’s stake in De Beers now stands at 85 percent, while the government of Botswana holds a 15 percent stake.
 
Anglo American’s share price dipped 2.3 percent to 19.29 pounds on the London Stock Exchange by mid-morning Friday, following the announcement on Thursday.