Botswana to double its stake in De Beers to 30% and become the largest shareholder
Botswana's President Duma Boko announced in parliament that the country will double its stake in diamond producer De Beers to 30%, becoming its largest shareholder. The statement amounts to Botswana's direct backing of Global Diamond Consortium's bid for the 85% stake put up for sale by Anglo American. Namibia and Angola are also set to join the deal, while Richemont is reported to be in talks to join the consortium.
Otabek Yusupov