Finance
Canada's antitrust regulator to review Anglo-Teck merger
Published by Global Banking and Finance Review
Posted on September 15, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on September 15, 2025
1 min readLast updated: January 21, 2026
Canada's Competition Bureau is set to review the $53 billion merger between Anglo American and Teck Resources, focusing on potential anticompetitive impacts.
By Divya Rajagopal
TORONTO (Reuters) -Canada's antitrust regulator will review the proposed merger of Anglo American and Teck Resources, the regulator said on Monday.
"I can confirm that the proposed Teck-Anglo merger will be reviewed by the Competition Bureau," Marianne Blondin, senior communications adviser at the Competition Bureau in Canada, said in an emailed statement.
British miner Anglo American announced a $53 billion merger with Canada's Teck Resources earlier this month, which would be the second-biggest merger in mining. In Canada, Anglo owns a diamond mine and Teck operates the Highland Valley Copper mine.
The antitrust regulator, in its review, will look at the likely anticompetitive effects of the proposed transaction and will also consult suppliers, competitors and buying groups.
Teck did not comment.
(Divya Rajagopal in Toronto)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness and market share.
The Competition Bureau is an independent law enforcement agency in Canada that ensures businesses comply with competition laws to promote a fair marketplace.
Anticompetitive effects refer to actions or practices that reduce competition in a market, potentially leading to higher prices, reduced quality, or less innovation.
A diamond mine is a site where diamonds are extracted from the earth, often involving significant geological exploration and mining operations.
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