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Market
Which entity will benefit the most within one year post-approval of Glencore's acquisition of Teck's coal business?
2
Resolution / Starting Odds
Glencore • 25%
Teck Resources • 25%
Shareholders • 25%
Regulatory Bodies • 25%
Financial performance reports, market analysis from financial news outlets
Story
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.
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