Canadian Government to Review Glencore's Acquisition of Teck's Elk Valley Resources

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Canadian Government to Review Glencore's Acquisition of Teck's Elk Valley Resources
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The Canadian government will carefully review Glencore's acquisition of Teck's Elk Valley Resources Ltd. to ensure it benefits Canada and passes a national security test. The government will consider factors such as Canadian jobs, a Canadian headquarters, environmental concerns, and the rights of Indigenous people.

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Canadian government to review Glencore's acquisition of Teck's Elk Valley Resources Ltd. to ensure it benefits Canada and passes national security test.

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Impending change to Investment Canada Act could complicate Glencore’s pursuit of TeckImpending change to Investment Canada Act could complicate Glencore’s pursuit of TeckThe changes include requiring acquirers to give Ottawa early notification of their intent to buy Canadian companies and extending the time period for national security reviews
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