The shareholders of Anglo American and Teck have approved the proposed merger of equals to form Anglo Teck.
The vote was held at a special meeting, and Anglo American CEO Duncan Wanblad said the plan received “strong support” from shareholders and stakeholders alike.
“Today marks a major milestone towards forming Anglo Teck – a global critical minerals champion, headquartered in Canada, and a top five global copper producer,” he said.
“Bringing together the best of both companies, Anglo Teck is set up to deliver outstanding value for shareholders of both companies – in the near term through a unique combination of industrial and other synergies, and in the longer term by applying proven capabilities to exceptional growth optionality, offering investors more than 70% exposure to copper.”
Wanblad confirmed the company will continue to work closely with Teck and regulatory authorities over 2026 to obtain the needed approvals to progress the merger towards completion.
Completion does remain subject to some conditions, including approval under the Investment Canada Act and competition and regulatory approvals in various jurisdictions globally.
Source: angloamerican.com