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| | Purchased by Chinese billionaire Larry Yung for $803 mn, Oppenheimer sell one third stake in Anglo, De Beers, ... |
 | | OPPENHEIMER family sold a third of its stake in Anglo American, around 1.13 per cent of the company which it helped found, to Chinese billionaire Larry Yung’s China Vision Resources for around $803 million, according to reports. |
 | | The Oppenheimers continue to hold more than 2 per cent in Anglo American, along with a 40 per cent stake in diamond miner De Beers, in which Anglo holds a 45 per cent stake. |
 | | Anglo American was founded in 1917 by German-born Ernest Oppenheimer, with considerable backing from the financier J.P. Morgan, to exploit the east Witwatersrand goldfield. |
| www.diamondworld.net /newsroom/print.asp?newsid=745 (155 words) |
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