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New Deal


Announced

Teck Resources called off its demerger into Teck Metals and Elk Valley Resources in an $11.5bn deal.

Financials

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Transaction Value£9,555m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Public

Single Bidder

steel manufacturer

coal

Canada

Friendly

Domestic

Diversified Materials

energy transition metals

Demerger

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Synopsis

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Teck Resources, a diversified natural resources company, called off its demerger into Teck Metals, a premier, growth-oriented producer of energy transition metals, and Elk Valley Resources, a pure-play, high-margin steelmaking coal producer, in an $11.5bn deal. The demerger was replaced with a $9bn acquisition of Elk Valley Resources by Glencore, Nippon Steel and POSCO.

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