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Investing.com -- Botswana has appointed Lazard as a co-adviser alongside CBH for the potential acquisition of all or part of De Beers, according to the Financial Times, which cited the government.
Anglo American, which is looking to sell its stake in De Beers, received approximately nine indications of interest in first-round bids this month, the Financial Times reported, citing unidentified people familiar with the process.
The Botswanan government holds a significant position in the potential transaction as it has the right to match any third-party offer for the diamond company.
This development comes as Anglo American continues its divestiture process for its De Beers ownership stake.
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