News Formal

Teck closes sale of coal business to Glencore in wake of federal approval

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 77%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its remaining 77 per cent interest in its steelmaking coal business to Glencore plc.

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

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 14. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Teck closes sale of coal business to Glencore after federal approvalVancouver-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
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Teck closes sale of coal business to Glencore in wake of federal approvalVANCOUVER — Teck Resources Ltd. says it has completed the sale of its remaining 77 per cent interest in its steelmaking coal business to Glencore plc.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Ottawa set to approve Glencore takeover of Teck’s coal business with stringent conditionsThree sources close to the transaction said that Ottawa was planning to soon approve the Glencore transaction as soon as Thursday evening
출처: globeandmail - 🏆 5. / 92 더 많은 것을 읽으십시오 »

Canada set to approve Glencore takeover of Teck coal business, The Globe and Mail reportsThe government is planning to approve the deal as soon as Thursday, the report added citing sources close to the transaction. Teck and Glencore did not...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »