Anglo American Plc is in talks to sell the historic London headquarters of its De Beers diamond unit to Oaktree Capital Group and Quadrant Estates, according to two people with knowledge of the plan. The sale of the four buildings has been slowed by the UK’s Brexit vote, according to the people, who asked not to be identified because the information is private. The June referendum caused the commercial property market to stall and the pound to lose value, leading Anglo to lower its price expectations, they said. The London-based company initially aimed to raise more than £100m ($125m) from the sale. Spokespeople for Anglo, Oaktree and Quadrant declined to comment. The property sale is part of a wider restructuring announced by Anglo in February. The company, seeking to reshape its business for an era of lower commodities prices and to cut net debt to less than $10bn, plans to exit coal and iron ore to focus on more diamonds, platinum and copper, where it has greater market dominance...
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