Teck Resources
+11% on report of possible merger with AntoFagasta
Carl
Surran, SA News Editor
- Teck Resources (TCK +10.9%)
and Antofagasta (OTC:ANFGF +4.1%) are exploring
a merger that would create one of the world’s largest copper
producers, Bloomberg reports.
- The mining companies reportedly have held early-stage
talks, and any agreement is said to hinge on the approval of the families
that control each company.
- With a market value of ~C$11.3B, TCK is Canada’s
third-largest mining group and London-listed Antofagasta has a market
value of ~£7.3B ($10.8B), so a purchase of either company would be one of
the mining industry’s largest deals over the past five years.
Quelle: bigcharts.com
Quelle: bigcharts.com
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