Teck Shares Surge 11.28% on Landmark Anglo American Merger $1.66B Volume Ranks 31st

. 9, , . The move followed the announcement of a landmark merger with Anglo American to form Anglo Teck, a new global critical minerals entity.

. , . The combined company, headquartered in Vancouver, will list on London, Toronto, South Africa, and New York exchanges. . .

Anglo Teck will consolidate Anglo American’s and Teck’s copper, iron ore, and zinc assets, including six world-class copper projects. The merger requires regulatory approvals under the Investment Canada Act and shareholder votes. Anglo American CEO Duncan Wanblad emphasized the strategic fit, while Teck’s Jonathan Price highlighted the alignment with Canada’s economic interests and resource expertise.

Implementation hinges on a two-thirds Teck shareholder approval and majority Anglo American shareholder consent. The transaction is expected to close within 12-18 months, pending global regulatory clearances. Anglo Teck’s leadership structure will see Wanblad as CEO, Price as deputy CEO, and as chair.

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