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BRIEF-Anglo American To Combine With Canada's Teck Resources
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BRIEF-Anglo American To Combine With Canada's Teck Resources
Sep 8, 2025 11:32 PM

Sept 9 (Reuters) - Anglo American PLC ( AAUKF ):

* ANGLO AMERICAN AND TECK TO COMBINE

* EXPECTED $800 MILLION ANNUAL SYNERGIES FROM MERGER

* MERGER SUBJECT TO CUSTOMARY COMPLETION AND REGULATORY

CONDITIONS, EXPECTED TO COMPLETE IN 12-18 MONTHS

* SPECIAL DIVIDEND TO ANGLO AMERICAN SHAREHOLDERS OF US$4.5

BILLION

* TOTAL ANTICIPATED PRE-TAX RECURRING ANNUAL SYNERGIES OF

US$800

MILLION AND AN ADDITIONAL US$1.4 BILLION FROM DEAL

* AT COMPLETION, EACH TECK CLASS A COMMON SHARE AND CLASS B

SUBORDINATE VOTING SHARE WILL BE EXCHANGED FOR 1.3301 ORDINARY

SHARES OF CO

* ANGLO AMERICAN SHAREHOLDERS TO OWN C.62.4% AND TECK

SHAREHOLDERS

TO OWN C.37.6% OF ANGLO TECK PLC IMMEDIATELY POST COMPLETION

* TO OWN 62.4% OF ANGLO TECK POST MERGER

* GLOBAL HEADQUARTERS OF ANGLO TECK WILL BE LOCATED IN

CANADA

* DUNCAN WANBLAD TO BE CEO OF ANGLO TECK

* PRIMARY LISTING ON LSE, LISTINGS ON JSE, TSX AND NYSE FOR

COMBINED COMPANY

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