'Canada will take a close look at the Teck-Anglo deal,' finance minister says
Published by Global Banking & Finance Review®
Posted on September 20, 2025
1 min readLast updated: January 21, 2026
Published by Global Banking & Finance Review®
Posted on September 20, 2025
1 min readLast updated: January 21, 2026
Canada's government is reviewing the $53 billion Teck-Anglo merger to ensure it benefits the nation, with approval pending from the industry minister.
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)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, increase market share, or achieve synergies.
The resources sector encompasses industries involved in the extraction and processing of natural resources, including mining, oil, and gas.
Investment refers to the allocation of resources, usually money, into assets or projects with the expectation of generating a return or profit.
Economic growth is the increase in the production of goods and services in an economy over time, typically measured by GDP.
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