reported in 2021 that the spinoff could be valued at $8 billion. No decision has been reached to proceed with a transaction and there can be no assurances that any transaction will happen, Teck said. Teck shares jumped 9.7% to C$61.69 on the Toronto Stock Exchange after being briefly halted. (Reporting by Arshreet Singh; Editing by Anil D'Silva)
(Adds shares and details from a media report)
Feb 16 (Reuters) - Teck Resources Ltd on
Thursday confirmed that it was evaluating options for its
steelmaking coal business, including a possible spinoff.
Teck is planning to separate the business to focus more on
industrial metals and that the announcement on the spinoff could
be made as early as next week, Bloomberg reported on Thursday,
citing people familiar with the matter.
Although the company did not give details on the unit's
valuation, Bloomberg had
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