off-the-wire

Canada will take ‘close look’ at the Teck-Anglo deal, says finance minister

Kitco Media
By Reuters
Published:
Updated:
Reuters
Canada will take ‘close look’ at the Teck-Anglo deal, says finance minister teaser image

The proposed $53 billion merger between Teck Resources and Anglo American is under review by Canada’s federal government, which must make sure it is in the net benefit of the country, Finance Minister Francois Philippe Champagne said on Saturday.

“Canada will take a close look at the Teck-Anglo deal,” Champagne said, to determine if the industry minister will approve it.

(By Divya Rajagopal; Editing by David Gregorio)

 

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