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Six groups bid for diamond giant De Beers

Diamond giant De Beers is drawing acquisition interest from at least six investor groups, including Indian billionaire Anil Agarwal, domestic Indian diamond firms, and Qatar’s sovereign wealth fund. The bidding activity follows Anglo American’s announcement to divest non-core assets, including De Beers, as part of broader corporate restructuring to focus on copper and iron ore. De Beers, currently majority-owned by London-listed Anglo American, faces headwinds amid weakening global diamond demand and falling prices. The company’s valuation has dropped to around $4.9 billion, with $3.5 billion in impairments recorded over the past two years. Anglo American has reportedly engaged Morgan Stanley, Goldman Sachs, and Centerview Partners as financial advisers.

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