Teck Resources should remain in Canada, says Finance Minister Freeland

Kitco Media
By Reuters
Published:
Updated:
Reuters
TORONTO, April 24 (Reuters) - Teck Resources Ltd , which is trying to fend off an unsolicited $22.5 billion takeover offer from Glencore Plc , should remain headquartered in Canada and help the country expand its critical minerals industry, Finance Minister Chrystia Freeland said on Monday. "We need companies like Teck here in Canada, companies with a strong commitment to Canada," Freeland wrote in a letter to the Greater Vancouver Board of Trade that was seen by Reuters. Freeland was responding to concerns from the board about Teck's future in Canada in the wake of Glencore's unsolicited bid.
(Reporting by Divya Rajagopal and Steve Scherer; editing by Ernest Scheyder)

+1-713-210-8512; Reuters Messaging: ernest.scheyder.thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.