Anglo interested in Teck's base metals business, sources say | Business

Teck Resources has been approached by Vale, Anglo American and Freeport-McMoRanamong others to explore deals for its base metals business if the Canadian copper miner goes ahead with a planned split, sources close to the matter told Reuters on Sunday.

The 'A' class shares in Teck have much more voting power than the 'B' class shares held by institutions. "I believe that pursuing a sale or merger transaction now would rob our shareholders of significant post-separation value," Keevil said in the statement. Glencore on Tuesday modified its $22.5 billion all-share takeover bid for Teck to include up to $8.2 billion in cash, but Teck's board called it"largely unchanged".

Teck investors are due to vote on the miner's restructuring plan on April 26 that will see it spin off its highly polluting coal business and focus on production of copper and zinc.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Major red flags for investment in South AfricaAnglo American group CEO Duncan Wanblad says investors are frustrated by South Africa’s failing infrastructure. 6 hours a day no lights who wil come n invest in south africa... Unfortunately nobody worries You keep pushing our rand value to its lowest,loadshetting just because of winter around the corner,and money laundering,you want money for yourself and not for the sake of our country so look where we are ending up because of our president Only money Launderers and criminals would want to invest their money in South Africa
La source: BusinessTechSA - 🏆 24. / 61 Lire la suite »

WATCH: Investment in SA outdoes Cyril Ramaphosa’s R1.2-trillion targetBusiness Day TV spoke to Jacko Maree, investment envoy to President Cyril Ramaphosa Where is the investment and where are the jobs from prior pledges…this is Cyril’s smoke & mirrors Based on the effect the previous R trillion investment had, I doubt this R trillion and a half will make an appreciable difference...
La source: BDliveSA - 🏆 12. / 63 Lire la suite »