Anglo American to sell De Beers in break-up plan to avoid BHP takeover

UK mining company to offload famous diamond business after rejecting £34bn Australian offer

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Anglo American plans to sell the diamond business De Beers as part of a sweeping plan to break up the company to defend it against a £34bn takeover plot by its rival BHP.

The embattled London-listed mining company set out a radical new strategy to dismantle parts of the company, including the sale of the world’s biggest diamond miner, after rejecting a second unsolicited takeover offer from Australian miner BHP.

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