# Anglo names preferred bidder for De Beers stake — retained record

> Retained news record from news:semafor.

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source: [news](https://highsignal.app/data/news) (news:semafor)  published 2026-07-20 12:50 ingested 2026-07-21 08:20

[original source ↗](https://www.semafor.com/article/07/20/2026/anglo-names-preferred-bidder-for-de-beers-stake)

## retained text



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Anglo American picked a group led by one of its former executives as its preferred bidder for an 85% stake in De Beers. The Global Diamond Consortium, led by Gareth Penny, was selected from three shortlisted groups following a bidding process, according to Moeti Mohwasa, Botswana’s defense minister. Botswana holds the remaining 15% of the world’s largest diamond miner alongside pre-emptive rights, giving Gaborone the full power to match the offer, buy the stake independently, or join forces with a third party. The group’s proposal included potential equity participation by neighboring diamond-producing nations Angola and Namibia.
Diamonds generate roughly 80% of Botswana’s export revenue and the country is the world’s top producer of the precious gems by value. Gaborone is assessing its participation in the deal and turnaround viability amid a prolonged slump in rough diamond demand driven by lab-grown competition. Last week, De Beers — which is owned by Anglo American — announced a two-year production halt at its flagship Venetia mine in South Africa.
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document fetched 2026-07-21 08:20 · canonical https://semafor.com/article/07/20/2026/anglo-names-preferred-bidder-for-de-beers-stake