De Beers Said to Attract Ex-CEOs as Anglo Starts Sale (1)

Anglo American Plc is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond miner.

An exit from De Beers represents the final step in a sweeping restructuring plan outlined by Anglo CEO Duncan Wanblad last year as the company fended off a takeover approach from BHP Group. Anglo has already agreed to sell its coal and nickel mines and unbundled its platinum business this week.

Former De Beers bosses Gareth Pennyand Bruce Cleaver are both leading groups that are potential ...