Ottawa to Approve Glencore's $6.9B Acquisition of Teck's Coal Business with Regulatory Conditions

Jul 4, 2024, 11:35 PM

Canada's federal government in Ottawa is set to approve Glencore Plc's $6.9-billion acquisition of Teck Resources Ltd.'s metallurgical coal business. The regulatory approval is expected to come with several stringent conditions, according to sources. This move will see Glencore taking over a significant unit from Teck Resources, marking a major development in the mining sector.