Canada approves Glencore's $6.9bn acquisition of Teck Resources' coal business with conditions.
Canada's government is set to approve Glencore's $6.9bn acquisition of Teck Resources Ltd's metallurgical coal business, with several stringent conditions. The approval comes after an extensive net benefit review under the Investment Canada Act and months of discussions with Glencore, Teck and other stakeholders. The deal will see Glencore acquire BC-based Elk Valley Resources, Teck's coal business.
July 04, 2024
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