financetom
Business
financetom
/
Business
/
Canada PM told Anglo American to move HQ to Canada for Teck deal nod, Globe and Mail reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada PM told Anglo American to move HQ to Canada for Teck deal nod, Globe and Mail reports
Sep 15, 2025 6:26 PM

Sept 15 (Reuters) - Canadian Prime Minister Mark Carney

told Anglo American to move its headquarters to Canada

or its proposed acquisition of Teck Resources ( TECK ) would

not be allowed to proceed, the Globe and Mail reported on

Monday, citing two sources familiar with the matter.

London-based Anglo American and Canada's Teck last week

announced a $53-billion planned merger, the sector's

second-biggest M&A deal ever, and said the merged entity, Anglo

Teck, would be headquartered in Canada and have a primary stock

listing in London.

In his conversations with Anglo American, Carney made it

clear that shifting headquarters was a requirement that any

prospective buyer for Teck would have to meet, the Globe and

Mail report added.

An Anglo American spokesperson declined to comment on the

report, but pointed to CEO Duncan Wanblad's statement last week

that Vancouver is the natural location for the merged company,

given its operations and projects are largely based in the

Americas.

"Anglo American has also had its Americas exploration team

based out of Vancouver for a long time, so we are very familiar

with the setup," the spokesperson told Reuters in an emailed

statement.

Reuters could not immediately verify the report. PM Carney's

office did not immediately respond to a Reuters request for

comment, while Teck declined to comment on the report.

(Reporting by Ananya Palyekar and Dheeraj Kumar in Bengaluru;

Editing by Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sony Buys Amber's Japan Unit to Enter the Crypto Market: Reports
Sony Buys Amber's Japan Unit to Enter the Crypto Market: Reports
Jul 1, 2024
The terms of the deal were undisclosed.Last year, Bloomberg had reported that Amber was planning to sell its Japanese unit.Japan-based technology giant Sony Group ( SONY ) has bought crypto exchange Amber Japan in a bid to enter the crypto market, according to multiple crypto media reports. Wu Blockchain initially reported the deal, which was later substantiated by the Block....
Boeing to Acquire Spirit AeroSystems in $8.3 Billion Deal
Boeing to Acquire Spirit AeroSystems in $8.3 Billion Deal
Jul 1, 2024
03:29 AM EDT, 07/01/2024 (MT Newswires) -- Boeing ( BA ) has agreed to acquire Spirit AeroSystems ( SPR ) in a deal worth $8.3 billion, including Spirit's last reported net debt, the companies said in separate Monday statements. The all-stock transaction values each Spirit common share at $37.25, or an equity value of about $4.7 billion. Under the deal,...
BIS sends government debt warning before important elections
BIS sends government debt warning before important elections
Jul 1, 2024
LONDON (Reuters) -The Bank for International Settlements warned on Sunday that rising government debt levels amid a number of major elections this year could roil global financial markets. Dubbed the central bankers' central bank, the BIS said the world economy was on course for the smooth landing that many economists doubted when interest rates shot up, but said policymakers, especially...
Salesforce Insider Sold Shares Worth $1,400,945, According to a Recent SEC Filing
Salesforce Insider Sold Shares Worth $1,400,945, According to a Recent SEC Filing
Jul 1, 2024
03:27 AM EDT, 07/01/2024 (MT Newswires) -- Parker Harris, Director, Co-Founder and Chief Technology Officer, Slack, on June 27, 2024, sold 5,600 shares in Salesforce ( CRM ) for $1,400,945. Following the Form 4 filing with the SEC, Harris has control over a total of 1,925,171 shares of the company, with 116,693 shares held directly and 1,808,478 controlled indirectly. SEC...
Copyright 2023-2026 - www.financetom.com All Rights Reserved