Anglo American Might Only Get Half of De Beers Value in Sale, FT Says, Citing Sources

Dow Jones

Jun 09, 2025

--Anglo American is due to start the formal sale process for its De Beers diamond business within weeks but could only get half of its $4.9 billion valuation due to a weak diamond market, the FT reports citing unnamed sources.

--The FT says that two former De Beers's CEOs--Bruce Cleaver and Gareth Penny--are planning separate bids for the company but haven't got the financing.

--The FT says Anglo has engaged bankers who are looking at either a sale of the business or possible initial public offering.

--Cleaver, Penny and Anglo American declined to comment to the FT.

Full story: https://tinyurl.com/3byd4648

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

June 09, 2025 01:27 ET (05:27 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2542872542"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2542872542\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2542872542?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-06-09 13:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2542872542","market":"us","top_or_hot":-1,"title":"Anglo American Might Only Get Half of De Beers Value in Sale, FT Says, Citing Sources","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  --Anglo American is due to start the formal sale process for its De Beers diamond business within weeks but could only get half of its $4.9 billion valuation due to a weak diamond market, the FT reports citing unnamed sources. \n</p>\n<p>\n  --The FT says that two former De Beers's CEOs--Bruce Cleaver and Gareth Penny--are planning separate bids for the company but haven't got the financing. \n</p>\n<p>\n  --The FT says Anglo has engaged bankers who are looking at either a sale of the business or possible initial public offering. \n</p>\n<p>\n  --Cleaver, Penny and Anglo American declined to comment to the FT. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://tinyurl.com/3byd4648 \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ian Walker at ian.walker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 09, 2025 01:27 ET (05:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Anglo American Might Only Get Half of De Beers Value in Sale, FT Says, Citing Sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnglo American Might Only Get Half of De Beers Value in Sale, FT Says, Citing Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-09 13:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  --Anglo American is due to start the formal sale process for its De Beers diamond business within weeks but could only get half of its $4.9 billion valuation due to a weak diamond market, the FT reports citing unnamed sources. \n</p>\n<p>\n  --The FT says that two former De Beers's CEOs--Bruce Cleaver and Gareth Penny--are planning separate bids for the company but haven't got the financing. \n</p>\n<p>\n  --The FT says Anglo has engaged bankers who are looking at either a sale of the business or possible initial public offering. \n</p>\n<p>\n  --Cleaver, Penny and Anglo American declined to comment to the FT. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://tinyurl.com/3byd4648 \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ian Walker at ian.walker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 09, 2025 01:27 ET (05:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT","symbol_name":"富兰克林通用信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2542872542","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542872542","pubTimestamp":1749446820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Anglo American is due to start the formal sale process for its De Beers diamond business within weeks but could only get half of its $4.9 billion valuation due to a weak diamond market, the FT reports citing unnamed sources.--The FT says that two former De Beers's CEOs--Bruce Cleaver and Gareth Penny--are planning separate bids for the company but haven't got the financing.--The FT says Anglo has engaged bankers who are looking at either a sale of the business or possible initial public offering.--Cleaver, Penny and Anglo American declined to comment to the FT.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FT":"富兰克林通用信托","BK4117":"多元化保险","AFG":"美国金融集团有限公司","BK4107":"财产与意外伤害保险"},"translate_title":"英国《金融时报》援引消息人士的话称，英美资源集团在出售中可能只能获得戴比尔斯价值的一半","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"FT":1},"content_text":"--Anglo American is due to start the formal sale process for its De Beers diamond business within weeks but could only get half of its $4.9 billion valuation due to a weak diamond market, the FT reports citing unnamed sources. \n\n\n  --The FT says that two former De Beers's CEOs--Bruce Cleaver and Gareth Penny--are planning separate bids for the company but haven't got the financing. \n\n\n  --The FT says Anglo has engaged bankers who are looking at either a sale of the business or possible initial public offering. \n\n\n  --Cleaver, Penny and Anglo American declined to comment to the FT. \n\n\n \n\n\n  Full story: https://tinyurl.com/3byd4648 \n\n\n \n\n\n  Write to Ian Walker at ian.walker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 09, 2025 01:27 ET (05:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}