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

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.

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.

Democratic Rep. Alexandria Ocasio-Cortez has introduced articles of impeachment against Supreme Court Justices Samuel Alito and Clarence Thomas over their failure to disclose gifts they have received while serving on the court – a move surely to fail in the GOP-controlled House.One of the highest-paid City of Regina employees last year hasn't worked there since 2022

WASHINGTON — A member of Supreme Court Justice Sonia Sotomayor’s security detail shot an armed man during an attempted carjacking in the early morning hours, according to court documents.Senate Democrats Ask For Investigation Of Supreme Court Justice Clarence Thomas

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: globeandmail - 🏆 5. / 92 Read more »

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.
Source: SooToday - 🏆 8. / 85 Read more »

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.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

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
Source: globeandmail - 🏆 5. / 92 Read more »

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...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »