Finance Minister: Canada Will Closely Review Teck-Anglo Deal

The Canadian federal government is reviewing the proposed $53 billion merger between Teck Resources (TECKb.TO) and Anglo American (AAL.L). Finance Minister François-Philippe Champagne said on Saturday that Ottawa must ensure the transaction delivers a net benefit to the country.

“Canada will closely examine the Teck-Anglo deal,” Champagne said, noting that the decision ultimately rests with the industry minister, who will determine whether to grant approval.