{"id":12175,"date":"2012-07-06T12:16:45","date_gmt":"2012-07-06T10:16:45","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-1-anglo-wins-final-regulatory-ok-for-de-beers-deal\/"},"modified":"2012-07-06T12:16:45","modified_gmt":"2012-07-06T10:16:45","slug":"update-1-anglo-wins-final-regulatory-ok-for-de-beers-deal","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-anglo-wins-final-regulatory-ok-for-de-beers-deal\/","title":{"rendered":"UPDATE 1-Anglo wins final regulatory OK for De Beers deal"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 6<\/span> (Reuters) &#8211; Global miner Anglo American<br \/>\n has secured the final regulatory approval for its $5.1<br \/>\nbillion acquisition of the Oppenheimer family&#8217;s stake in diamond<br \/>\nproducer De Beers, paving the way for the deal to close within<br \/>\nthe coming months.<\/p>\n<p><span><\/span><\/p>\n<p>The approval from South Africa&#8217;s minister of Mineral<br \/>\nResources, announced on Friday, enables Anglo to formally offer<br \/>\nthe Botswana government a pro-rata share of the Oppenheimer<br \/>\nfamily&#8217;s 40 percent stake, under a long-standing pre-emption<br \/>\nagreement.<\/p>\n<p><span><\/span><\/p>\n<p>The government of Botswana, the world&#8217;s top diamond<br \/>\nproducing country, could increase its 15 percent stake in De<br \/>\nBeers to 25 percent if it takes up the pre-emption right,<br \/>\nmeaning Anglo&#8217;s ownership would rise to just 75 percent &#8211; though<br \/>\nits purchase price reduces accordingly.<\/p>\n<p><span><\/span><\/p>\n<p>If they do not, Anglo&#8217;s stake will rise to 85 percent of De<br \/>\nBeers, the world&#8217;s largest diamond producer by value.<\/p>\n<p><span><\/span><\/p>\n<p>The De Beers deal is due to close in the second half of the<br \/>\nyear. Botswana formally has 30 days to make its decision, though<br \/>\nthe clock will only start ticking after the Oppenheimers and<br \/>\nAnglo tie up the final outstanding details in the coming weeks.<\/p>\n<p><span><\/span><\/p>\n<p>Last November, when the Oppenheimer stake sale was<br \/>\nannounced, Botswana said it would be exploring the option of<br \/>\nincreasing its stake.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, July 6 (Reuters) &#8211; Global miner Anglo American has secured the final regulatory approval for its $5.1 billion acquisition of the Oppenheimer family&#8217;s stake in diamond producer De Beers, paving the way for the deal to close within the coming months. The approval from South Africa&#8217;s minister of Mineral Resources, announced on Friday, enables [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12175","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12175"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}