Canada Approves Teck and Anglo American Merger
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Canada has approved the merger between Teck Resources Limited and Anglo American plc, forming Anglo Teck. The new company will be headquartered in Vancouver and plans to invest C$4.5 billion in Canada over five years, focusing on copper projects. Anglo Teck will maintain its primary listing on the London Stock Exchange, with additional listings in Johannesburg, Toronto, and New York. The merger has secured competition approvals in Canada and Australia, with other regulatory reviews ongoing.
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