The news comes as no surprise following the announcement last week by the federal government that it had approved the sale of the operation to the Swiss commodities giant.
Vancouver-based Teck received US$7.3 billion from Glencore for its coal business, which it sought to off-load in order to focus more on critical minerals and the energy transition. Glencore had initially pursued a $25-billion hostile takeover attempt for all of Teck, a move that sparked economic nationalism concerns in Canada.
Industry Minister François-Philippe Champagne said last week the green light for the sale of Teck's coal business comes with"strict" conditions and represents a"much narrower" transaction than Glencore's hostile takeover attempt last year. Teck previously closed the sale of a minority stake in the steelmaking coal business to Japan's Nippon Steel Corp. and South Korea's Posco.The Canadian Press
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »