Another African country trying to buy iconic 136-year-old South African company
Angola's state-owned diamond company, Endiama, has submitted a formal offer for De Beers, which is currently owned by Anglo American.
The move follows reports that Botswana, already a key partner in De Beers' operations, is also seeking to gain control of the 136-year-old diamond giant.
De Beers operates across Botswana, Namibia, South Africa, and Canada, and remains a cornerstone of Africa's diamond trade.
Anglo American, which owns 85 of De Beers, wants to offload its stake as part of a comprehensive restructuring effort to streamline its portfolio.
The divestment marks the end of a century-long relationship between Anglo and De Beers, one that helped shape both the diamond industry and South Africa's mining economy.
