Anglo American To Demerge De Beers – Solitaire International Magazine

Anglo American plc announced that it will demerge its business, creating a new company focused on diamonds. The new company, which will include De Beers, will be a leading global diamond producer.
The demerger is part of Anglo American’s strategy to simplify its portfolio and focus on its core businesses of copper, premium iron ore, and crop nutrients. The company believes that the demerger will create two stronger, more valuable companies, and will improve strategic flexibility for both De Beers and Anglo American.