Anglo American increases stake in De Beers

Alain William, an analyst at Societe Generale, ranks the shares of
Anglo American (GB00B1XZS820 ISIN / WKN A0MUKL) reiterate their "buy".

Anglo American had reached an agreement to acquire the 40-percent
stake of the Oppenheimer family to De Beers for a total of $ 5.1
billion. Thus, the involvement of Anglo American would increase to
85%. Anglo American presume to be able to complete the transaction in
the second half of 2012. According to the Société Générale appears the
purchase price is high only at first glance. Anglo American is one of
the world's leading diamond companies with a market share of 40%.
Overall, we believe the transaction is a good step.

After calculating of Societe Generale Anglo American will in the
current fiscal year to achieve an EPS of $ 4.96. On this basis, the PE
lies at 7.6. For 2012 and 2013, we expect EPS to $ 5.04 $ 4.92
respectively. The 12-month target price of the stock may be seen at £
30.00.

The analysts at Societe Generale for the share certificate issued by
Anglo American's rating to "buy".