Teck and Anglo American to combine through merger of equals to form a global critical minerals champion
1. Teck and Anglo American plan a merger of equals to form Anglo Teck. 2. Anticipated US$800 million annual synergies expected in four years post-merger. 3. Anglo Teck to offer 70% exposure to copper investments. 4. Completion of merger expected within 12-18 months, pending regulatory approvals. 5. Teck shareholders will own 37.6% of the new entity.