RE: Dividends15 Sep 2023 23:18
Glencore likely to acquire Teck's metallurgical coal assets by end of 2023
Published: 14:52 15 Sep 2023
Glencore PLC - Glencore poised to acquire Teck's metallurgical coal assets by end of 2023 amid coal price surge
Glencore PLC (LSE:GLEN) could be the proud owner of Teck Resources Ltd (TSX:TECK.B)'s metallurgical coal assets by the end of 2023, according to analysts.
The much fraught deal, announced earlier this year, has gone through multiple offers and counteroffers, with Teck initially rebuffing Glencore’s advances to acquire the company outright.