Glencore Buys Majority Stake in Teck Resources' Coal Unit for $6.93 Billion
14 11월 2023 - 4:42PM
Dow Jones News
By Christian Moess Laursen
Glencore said it has bought a 77% stake in Canadian miner Teck
Resources' steelmaking coal business for $6.93 billion.
The Anglo-Swiss mining giant said Tuesday that the transaction
is expected to close in the third quarter of next year.
The Wall Street Journal reported overnight that the companies
were nearing a deal, citing people familiar with the situation.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
November 14, 2023 02:27 ET (07:27 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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