Anglo American Gets EU Approval to Acquire De Beers StakeMarch 07, 12
The Commission granted clearance under the EU Merger Regulation to the acquisition of sole control of De Beers (
De Beers is currently jointly owned by Anglo American, CHL, a holding company of the Oppenheimer family and the government of Botswana, which holds a 15 percent stake in De Beers.
The transaction may lend Anglo American with an 85 percent stake in De Beers, unless
In January, Anglo American's shareholders overwhelmingly approved the proposed deal.
The company expects to finalize the acquisition in the second half of this year.