Business
Teck and Anglo American to combine through merger of equals to form a global critical minerals champion
Outstanding value creation through at market merger of equals Anglo Teck is expected to offer...
About this update from Teck Resources Limited Class A
[{"type":"text","content":"Teck and Anglo American to combine through merger of equals to form a global critical minerals champion\n\n\n\n\n Outstanding value creation through at market merger of equals\n \n\n Anglo Teck is expected to offer more than 70% copper exposure\n \n 1\n \n and outstanding further growth optionality embedded\n \n\n US$800 million in pre-tax recurring annual synergies from combining both companies\n \n\n Additional US$1.4 billion (100% basis) annual average underlying EBITDA uplift expected from synergies between the adjacent Collahuasi and Quebrada Blanca operations on an average pre-tax annual basis from 2030 - 2049, which is expected to result in an increase of c.175,000 tonnes of potential additional annual copper production\n \n 2\n \n\n\n Strong balance sheet underpinned by a larger, more diversified asset and cash flow base, including premium iron ore and zinc\n \n\n Enhanced global capital markets footprint: primary listing on LSE, listings on JSE, TSX and NYSE (to be implemented as a listing of American Depositary Receipts), subject to the approval or clearance from each applicable exchange\n \n 3\n \n\n\n Headquartered in Canada and committed to the heritage of both companies and their significant business leadership roles in Canada, South Africa and the UK\n \n\n Special dividend to Anglo American shareholders of US$4.5 billion c.US$4.19 per share\n \n 4\n \n ahead of completion\n \n\n Anglo American shareholders to own c.62.4% and Teck shareholders to own c.37.6% of Anglo Teck plc immediately post completion\n \n 5\n \n\n\n Merger subject to customary closing and regulatory conditions, expected to complete within 12-18 months\n \n\n Boards of Anglo American and Teck unanimously support and recommend the Merger\n \n\n\n\n VANCOUVER, British Columbia, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and Anglo American plc (“Anglo American”) announce they have reached an agreement to combine the two companies in a merger of equals (“the Merger”) to form the Anglo Teck group (“Anglo Teck”), a global critical minerals champion and top five global copper producer, headquartered in Canada and expected to offer investors more than 70% exposure to copper\n \n 1\n \n .\n \n\n Both Anglo American and Teck belie...