Botswana will increase stake in De Beers to 30%, president says
GABORONE, Nov 9 (Reuters) - Botswana's President Duma Boko said on Monday that his country would double its stake in De Beers to 30%, after Anglo American AAL.L put up for sale its 85% stake in the diamond producer.
Boko added in an address to parliament that the Global Diamond Consortium, a group led by former De Beers CEO Gareth Penny, had been selected as the preferred bidder.