Anglo American has reached an agreement to merge with Canada’s Teck Resources in a $53bn (£39bn) deal that will form one of the world’s largest copper producers, following both companies’ successful defence against recent takeover attempts
The combined group, to be called Anglo Teck, will be headquartered in Vancouver, Canada, reflecting Canadian government efforts to safeguard its critical minerals sector While the new company will keep Anglo’s primary listing on the London Stock Exchange, it will also be listed in Johannesburg, Vancouver, and New York
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Source and Credit: theguardian.com
