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Teck Receives Regulatory Approval For Sale Of Steelmaking Coal Business



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July 4 (Reuters) -Teck Resources Ltd TECKb.TO:

  • TECK RECEIVES REGULATORY APPROVAL FOR SALE OF STEELMAKING COAL BUSINESS

  • TECK RESOURCES LTD - TRANSACTION IS NOW EXPECTED TO CLOSE ON JULY 11

  • TECK RESOURCES LTD - TECK EXPECTS TO RECEIVE TOTAL CASH PROCEEDS OF US$6.9 BILLION

  • TECK RESOURCES - TO REPURCHASE UP TO US$2.0 BILLION CLASS B SUBORDINATE VOTING SHARES

  • TECK RESOURCES - TO EXECUTE DEBT REDUCTION PROGRAM OF UP TO US$2.0 BILLION

  • TECK RESOURCES LTD - WITH RAMP UP OF QB IN 2024, TECK EXPECTS TO DOUBLE ITS COPPER PRODUCTION TO ABOUT 600,000 TONNES/YEAR

Source text for Eikon: ID:nGNX1Wxpfy

Further company coverage: [TECKb.TO]


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