Glencore Buys Majority Stake in Teck Resources' Coal Unit for $6.93 Bln - News Summed Up

Glencore Buys Majority Stake in Teck Resources' Coal Unit for $6.93 Bln


By Christian Moess LaursenGlencore 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.


Source: Wall Street Journal November 14, 2023 17:42 UTC



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