By Divya Rajagopal TORONTO (Reuters) -The proposed $53 billion merger between Teck Resources and Anglo American is under review by Canada’s federal government, which must make sure it is in the net benefit of the country, Finance Minister Francois Philippe Champagne said on Saturday. “Canada will take a close look at the Teck-Anglo deal,” Champagne […]
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‘Canada will take a close look at the Teck-Anglo deal,’ finance minister says
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By Divya Rajagopal
TORONTO (Reuters) -The proposed $53 billion merger between Teck Resources and Anglo American is under review by Canada’s federal government, which must make sure it is in the net benefit of the country, Finance Minister Francois Philippe Champagne said on Saturday.
“Canada will take a close look at the Teck-Anglo deal,” Champagne said, to determine if the industry minister will approve it.
(Divya Rajagopal in Toronto; Editing by David Gregorio)