Anglo American completes De Beers stake acquisition

LONDON Thu Aug 16, 2012 11:33am EDT

LONDON Aug 16 (Reuters) - Global miner Anglo American said it completed the acquisition of the Oppenheimer family's interest in diamond producer De Beers, paying $5.2 billion to raise its stake to 85 percent.

Anglo, which already owned 45 percent of De Beers, said the final price it paid was higher than the $5.1 billion agreed purchase price, as a number of adjustments were made which were provided for under the sale agreement.

The stake sale, announced by the Oppenheimers in November, was given the go-ahead by regulators in July.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article