Anglo American and Teck Sellan Historical Mining Fusion worth more than $ 50 billion

Anglo American Plc agreed to the acquisition of Canadian Teck Resources Ltd. (TECK)The operation is estimated in more than $ 50 billion, which means one of the operations miner greater in the last decade; This was reported by Bloomberg. A new organization that is expected Anglo textwill be in Vancouver, Canada and its main price will be in London.

It is expected that the acquisition, which is still required by the approval of the regulatory organs, is assumed that it is completed within 12 – 18 months. The Council of Directors of both companies recommended the agreement unanimously.

Financial and Control details according to the calculations BloombergOperation implies 17 % closure premium Text On Monday before the announcement. After the Anglo -American shareholders will own 62.4 % of the new company, while those Text will control 37.6 %. In addition, Anglo American will pay its investors a special dividend of $ 4,500 million before merger.

After news of the negotiations reported by Bloomberg, actions Text They survived an increase of more than 20 % in hours operations, despite the fact that last year until Monday fell approximately 20 % on the stock exchange in Toronto. Anglo -AmericansOn the other hand, on the London exchange increased to 8.5%.

Leadership and Strategy Duncan Vanbrad, current CEO of the company Anglo -Americanswill manage a new company, and Jonathan Price, CEO of the company TextTake the deputy.

This merger occurs in the context of intense fusion activity and absorptions in the mining sector, mainly conditioned by the desire to expand copper production, crucial metal for the world’s energy transition. Both companies have sought to simplify their activities in recent years: Technk has sold most in their coal business Glencore, while Anglo American Invenvied in the dam and seek to sell their coal mines and the Diamond Beers block.

Flagship project Text This is a Blanca 2 broken copper mine in Chile. Anglo American is involved in a nearby mine -da -da -kolahua, which can create opportunities to increase production and benefits when combined with both operations.

Approval and political context family of Kiwill founders that control Text Thanks to class A actions with “Supertoto” he expressed support for the agreement. However, operations will need the approval of the Canada government, which last year hardened its positions on foreign acquisitions of large Canadian mining companies dedicated to the production of critical minerals, approving them only in “very exceptional circumstances”.

This Agreement can also make Anglo American be less vulnerable to another possible public acquisition proposal, although its own proposal may attract other stakeholders. An ad opens up the possibility of new sentences Text o EnglishBecause the Agreement includes provisions that allow you to consider uninitiated proposals and stop the agreement in the event of a higher offer.

This news occurs at the time of problems for both companies. Text He started a review of his activity at Blanca 2 after many years of setbacks, while Anglo American saw carbon sales disappointed and face a diamond market in the beer’s sale.