Canada Approved Glencore’s Acquisition of Teck’s Coal Assets
July 4 (Reuters) -
CANADA: GOVERNMENT OF CANADA APPROVES GLENCORE PLC'S TAKEOVER OF TECK RESOURCES LTD
CANADA: APPROVED THAT GLENCORE WILL ACQUIRE TECK RESOURCES’ METALLURGICAL COAL BUSINESS, BC-BASED ELK VALLEY RESOURCES
CANADA: AS PART OF THE REVIEW PROCESS, GLENCORE HAS PROVIDED A SIGNIFICANT PACKAGE OF LEGALLY BINDING COMMITMENTS IN SUPPORT OF THE TRANSACTION
CANADA: FOR A PERIOD OF NO LESS THAN 10 (TEN) YEARS, GLENCORE WILL ESTABLISH AND MAINTAIN A CANADIAN HEAD OFFICE FOR EVR IN VANCOUVER, BC
CANADA ON GLENCORE-TECK DEAL: FOR A PERIOD OF NO LESS THAN 5 YEARS, GLENCORE WILL MAINTAIN SIGNIFICANT EMPLOYMENT LEVELS AT EVR
CANADA: GOVERNMENT HAS SECURED COMMITMENT FROM TECK TO REINVEST SIGNIFICANT AMOUNT OF PROCEEDS OF DEAL INTO ITS COPPER GROWTH PORTFOLIO
CANADA ON GLENCORE-TECK DEAL: GLENCORE MADE BINDING UNDERTAKINGS TO ENSURE COMMITMENT TO ENVIRONMENTAL PRESERVATION, STEWARDSHIP OF LIABILITIES
CANADA ON GLENCORE-TECK DEAL: GLENCORE COMMITS TO AN ADDITIONAL $350 MILLION INVESTMENT IN REHABILITATION AND CLOSURE ACTIVITIES OVER 5 YEARS
CANADA ON GLENCORE-TECK DEAL: SECURED COMMITMENT FROM TECK TO REINVEST PROCEEDS FROM TRANSACTION INTO COPPER GROWTH PORTFOLIO
Further company coverage: GLEN.L
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