Andon Friday, the Oppenheimerfamilysoldits 40% stake in diamondminerDEBeerstoAngloAmerican, which some have described as part of a larger successionproblem.
In the event that the GRB exercises its pre-emption rights in full, AngloAmerican will acquire an incremental 30 percent interest in DeBeers, taking its total interest to 75 percent, and the consideration payable by AngloAmerican would be reduced proportionately.
The would-be buyer was a consortium consisting of AngloAmerican, a mining firm, the Oppenheimer family of South Africa and Debswana, DeBeers' joint venture with the government of Botswana.