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Investor Memo: Nicky Oppenheimer — Sold at the Top

In 2011 Nicky Oppenheimer sold his family's 40% of De Beers to Anglo American for $5.1 billion, valuing the whole diamond company at $12.75 billion. This month Anglo agreed to sell 85% of the same company for about $1 billion.

,   and  Mfonobong Nsehe
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Investor Memo: Nicky Oppenheimer — Sold at the Top

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Nicky Oppenheimer sold De Beers for $5.1 billion in 2011; the whole company is now being sold for about $1 billion — one of the best-timed exits in business history. And Femi Otedola's bank rally rolls on, his First HoldCo stake crossing $1.2 billion at a record N140.

,   and  Mfonobong Nsehe
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