Finance
Anglo American, Teck merger heading for EU antitrust approval
Published by Global Banking & Finance Review®
Posted on January 8, 2026
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 8, 2026
2 min readLast updated: January 20, 2026
The Anglo American and Teck merger is on track for EU antitrust approval, with no major competition concerns, forming a top copper company.
By Foo Yun Chee
BRUSSELS, Jan 8 (Reuters) - The proposed merger of London-listed miner Anglo American and Canada's Teck Resources is heading for antitrust clearance in Europe after EU regulators signalled the absence of competition concerns, according to a European Commission filing.
The EU competition enforcer is reviewing the deal, the second-largest ever in the mining sector, under a simplified procedure after the companies sought approval on Tuesday.
Such a step means the EU watchdog does not see a merger giving rise to significant competition problems, leading it to conduct only a routine check.
The Commission will issue its decision on the deal to form the world's fifth-largest copper company by February 10. Canada has already cleared the deal.
The Commission is also assessing the deal under its Foreign Subsidies Regulation which takes aim at unfair foreign aid for companies, with the goal of reining in competition from non-EU companies subsidised by their governments.
Its decision is due by February 3.
Anglo American and Teck announced their proposed merger in September of last year.
(Reporting by Foo Yun Chee in Brussels; Editing by Matthew Lewis)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, expand market reach, or achieve operational efficiencies.
Antitrust approval is a legal process where regulatory authorities assess mergers and acquisitions to ensure they do not significantly reduce competition in the market.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
Competition law is a set of laws aimed at promoting fair competition and preventing monopolistic practices in the marketplace.
A simplified procedure is a faster regulatory review process for mergers that are unlikely to raise significant competition concerns, allowing for quicker approvals.
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