Anglo American intends to acquire Teck Resources through a transaction of 20 billion dollars, thus strengthening its position in the copper market.
Raluca Ioana Draghici
Economy
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The proposed transaction between Anglo American and Teck Resources could create a mining entity with a market value of over 50 billion dollars, considering Teck's 17 billion capitalization. This comes after both companies rejected takeover offers from larger rivals, and Teck recently finalized a deal to sell its coal division. The acquisition would mark a significant expansion in copper production for Anglo American, which is also exploring options to sell its diamond business, De Beers.
Sources
Cea mai mare tranzacţie din istoria industriei miniere: Gigantul britanic Anglo American încearcă să preia compania canadiană Teck Resources într-o tranzacţie evaluată la 20 mld. dolari, care ar putea crea un uriaş minier de 50 mld. dolari
Anglo American agrees deal for Canada’s Teck Resources
Anglo American to merge with rival Teck in $53bn mining group
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