# Anglo American has named the Global Diamond Consortium its preferred bidder for its De Beers diamond business. Led by former De Beers CEO Gareth Penny, the consortium will enter exclusive negotiations to finalise the transaction. He says the sale forms part of Anglo’s plan to focus on copper and iron ore. Penny says Botswana, which owns a 15-percent stake in De Beers, is considering whether to exercise its right of first refusal and match the consortium’s offer.
Anglo American names preferred bidder for De Beers