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)