Sale of majority stake to Glencore at implied enterprise value of US$9.0 billion on a 100% basisMinority sale to Nippon Steel CorporationProceeds will be used to strengthen Teck’s balance sheet,.
Teck Resources (TECK) Sells Elk Valley Resources to Glencore at EV of $9B streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Teck Resources (TSX:TECK.A, TECK.B; NYSE:TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Tuesday. […]
Teck planning full exit from coal business, in event of partial sale will spin off remainder mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.