Anglo American share price rises on De Beers $2.3 billion writedown; investors eye sale timeline
Anglo American reported a $3.7 billion annual loss after a $2.3 billion De Beers writedown, sending shares up 1.8% in early London trading. CEO Duncan Wanblad said De Beers sale talks are advanced, with binding bids next. Multiple consortia and Botswana have shown interest in De Beers. Anglo declared a final dividend of 16 cents per share, payable May 6.