Glencore to buy 77% stake in Teck coal business for $7 billion
November 21, 2023 Comments Off
Glencore plans to buy a 77% stake in Teck Resources’ steelmaking coal business for $6.93 billion in cash, the former said Nov. 14. Glencore said it signed a binding agreement with Teck for the stake in Elk Valley Resources, or EVR. “The transaction is subject to mandatory regulatory approvals, being Investment Canada Act (“ICA”) and competition approvals. The transaction is…
Glencore to buy 77% stake in Teck coal business for $7 billion
Glencore plans to buy a 77% stake in Teck Resources’ steelmaking coal business for $6.93 billion in cash, the former said Nov. 14. Glencore said it signed a binding agreement with Teck for the stake in Elk Valley Resources, or EVR. “The transaction is subject to mandatory regulatory approvals, being Investment Canada Act (“ICA”) and competition approvals. The transaction is…
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