Botswana President Restates Plan to Buy Control of De Beers

Botswana’s president reiterated his plan to acquire a majority stake in De Beers, as Anglo American Plc looks to offload its controlling interest in the iconic diamond company.

“Government will leverage a majority stake,” Duma Boko said Monday in an annual address in Botswana’s capital, Gaborone. “Concrete steps are under way towards the acquisition of Anglo-American shares in De Beers.”