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Anglo American expects final approval for Teck Resources merger between September and March

Anglo American expects final approval for Teck Resources merger between September and March

FILE PHOTO: The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019. REUTERS/Rodrigo Garrido/File Photo

London-listed mining company Anglo American expects to get final regulatory approval for its merger with Teck Resources between September this year and March 2027, a spokesperson said on Wednesday.

The company reiterated its expectations for approval from China and South Korea after earlier comments from an executive at an event in Brazil’s Sao Paulo, who said that final approvals were expected around the turn of the year.

“Nothing has changed on this front and (CEO) Duncan Wanblad’s comments from a few weeks ago stand – we expect approvals within the originally anticipated timeline, meaning between September 2026 and March 2027,” the spokesperson said in an email.

(Reporting by Oliver Griffin)

 

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Top news

  • Fed, BoC strike hawkish tones as top central banks convene in war’s shadow
  • European airlines look to shake off green agenda as fuel prices soar
  • Anglo American expects final approval for Teck Resources merger between September and March
  • Unilever, Kraft Heinz held talks to merge food business and condiments division, FT reports
  • EU Inc proposal seeks to rival US in innovation by easing startup creation
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