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GLNCY Glencore Plc (PK)

11.87
0.21 (1.80%)
10 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Glencore Plc (PK) USOTC:GLNCY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.21 1.80% 11.87 11.70 11.88 11.90 11.80 11.88 260,757 22:20:00

Glencore Buys Majority Stake in Teck Resources' Coal Unit for $6.93 Billion

14/11/2023 7:42am

Dow Jones News


Glencore (PK) (USOTC:GLNCY)
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By Christian Moess Laursen

 

Glencore said it has bought a 77% stake in Canadian miner Teck Resources' steelmaking coal business for $6.93 billion.

The Anglo-Swiss mining giant said Tuesday that the transaction is expected to close in the third quarter of next year.

The Wall Street Journal reported overnight that the companies were nearing a deal, citing people familiar with the situation.

 

Write to Christian Moess Laursen at christian.moess@wsj.com

 

(END) Dow Jones Newswires

November 14, 2023 02:27 ET (07:27 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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