Anglo American has entered into an agreement with CHL and Centhold International to acquire its 40% interest in DB Investments and De Beers for a total value of $5.1bn.

Together, CHL and Centhold International represent the Oppenheimer family interests (CHL Group).

According to the existing shareholder agreement between Anglo American, CHL and the Government of the Republic of Botswana, the Botswanan Government has right to participate in the transaction and to increase its interest in De Beers to 25%.

If the government exercises its rights, Anglo American will acquire an additional 30% interest in De Beers, bringing the total interest to 75%.

The transaction is expected to be completed in the second half of 2012, subject to regulatory and government approvals, and third-party consents.