By Christian Moess Laursen
Glencore said it has bought a 77% stake in Canadian miner Teck Resources' steelmaking coal business for $6.93 billion.
The Anglo-Swiss mining giant said Tuesday that the transaction is expected to close in the third quarter of next year.
The Wall Street Journal reported overnight that the companies were nearing a deal, citing people familiar with the situation.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
11-14-23 0227ET