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Glencore's hostile bid for Teck Resources has galvanised some Canadian institutional investors, who have lobbied the federal government to push the nation's biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters.
The previous unreported proposal is an unusual move, but mirrors the broader nationalistic sentiment at display in Canada since the Swiss miner's unsolicited approach for one of the country's top mining firms by market value.
Politicians and business lobby groups have asked the federal government to block the $22.5-billion bid and Ottawa has said Glencore would face rigorous scrutiny. ....
Glencore's bid for Teck spurs call for Canada pensions to up domestic equity stake kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
Glencore s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation s biggest pension funds to lift their. | May 16, 2023 ....
Glencore's Teck bid spurs call for Canada pensions to up equity stake 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.
Politicians and business lobby groups have asked the federal government to block the $22.5 billion bid and Ottawa has said Glencore would face rigorous scrutiny. ....