July 4 (Reuters) - Canada's federal government is set to
approve Glencore's ( GLCNF ) acquisition of the steelmaking coal
unit of Teck Resources ( TECK ) with several legally binding
conditions, the Globe and Mail reported on Thursday.
The government is planning to approve the deal as soon as
Thursday, the report added citing sources close to the
transaction.
Teck and Glencore ( GLCNF ) did not immediately respond to Reuters
request for comment.
Glencore ( GLCNF ) announced in November last year that it had agreed
to buy a 77% stake in the Canadian miner's steelmaking coal
business for $6.93 billion.