Footsie miner Anglo American told to move HQ to Canada after £40bn Teck merger

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

Mark Carney told Anglo American to move its headquarters from London to Canada to win backing for a £40billion merger, according to reports.

FTSE 100 mining giant Anglo last week agreed to join forces with Canadian rival Teck Resources to create one of the world’s largest copper producers.

The two companies said the combined group – Anglo Teck – would be based in Vancouver but maintain its primary share listing on the London Stock Exchange.

The Globe and Mail newspaper claimed Canadian prime minister Carney told Anglo to make the move or its proposed deal would not be allowed to proceed.

The paper said that Carney – the former governor of the Bank of England – made it clear shifting headquarters was a requirement that any prospective buyer for Teck would have to meet.

Anglo declined to comment on the report.

Key condition: Canadian Prime Minister Mark Carney (pictured) reportedly made it clear shifting headquarters was a requirement any buyer for Teck would have to meet

Key condition: Canadian Prime Minister Mark Carney (pictured) reportedly made it clear shifting headquarters was a requirement any buyer for Teck would have to meet

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

#Footsie #miner #Anglo #American #told #move #Canada #40bn #Teck #merger

- Advertisement -spot_imgspot_img

Latest news

- Advertisement -spot_img

Related news

- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here