Teck Resources Clears Regulatory Hurdle: Court Approves Historic Merger with Anglo American

Teck Resources Limited has received final court approval from British Columbia’s Supreme Court for its landmark merger with Anglo American PLC. The transaction, structured as a merger of equals, will create Anglo Teck Group with a combined shareholder base where Anglo American retains approximately 62.4% ownership while Teck Resources holds 37.6%.

The two mining giants first unveiled their merger intentions in early September, positioning the deal as an equal partnership rather than a traditional acquisition. This strategic structure reflects both companies’ commitment to maintaining balanced influence in the combined entity.

What’s Next for the Merger

While the court has granted approval, the merger remains contingent upon several standard closing conditions. The companies must still secure competition clearances and regulatory sign-offs across multiple jurisdictions worldwide. These approvals represent the final administrative steps before the transaction can close.

Significance of the Deal

The formation of Anglo Teck Group represents a major consolidation in the global mining sector. By combining Teck’s North American operations with Anglo American’s diversified global portfolio, the merged entity is positioned to become a more resilient player in commodity markets. The carefully balanced ownership structure ensures both legacy shareholder groups maintain meaningful stakes in the newly formed company.

The merger framework, unveiled in September, set clear expectations around shareholder distributions and governance, laying groundwork for this court approval milestone.