# Botswana Nears Deal to Raise De Beers Stake to About 25%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/31370
Published: 2026-10-13T17:04:30.000Z
Updated: 2026-10-13T17:04:30.000Z
Section: Business

> The government currently holds 15% of the diamond producer. Global Diamond Consortium is the preferred bidder in the proposed acquisition.

Botswana is nearing an agreement to raise its stake in De Beers to about 25% from 15%, as Global Diamond Consortium pursues the acquisition of the diamond producer.

The potential increase would give Botswana a larger ownership position in De Beers. Global Diamond Consortium is the preferred bidder for the company.

The agreement has not been completed.