Botswana will increase stake in De Beers to 30%, president says

By Reuters News

- 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.

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