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shareholders in Anglo American And Canada’s Teck Resources has approved a $50bn (£37.5bn) merger between mining giants.
The deal would create one of the world’s largest copper producers, with the combined group becoming Anglo Tech.
Anglo American said that about 99% of its shareholders voted in favor of the deal.
The owners said they will work together to secure regulatory approval in various jurisdictions during 2026.
Duncan VanBlade, chief executive of Anglo American, said: “We are extremely pleased to have received such strong support from both shareholders and stakeholders.
“Bringing together the best of both companies, Anglo Tech is positioned to deliver excellent value for shareholders of both companies.
“Through a unique combination of industrial and other synergies in the near term, and applying proven capabilities to exceptional growth optionality in the longer term, investors are offered a greater than 70% exposure to copper.”
The combined firm is set to be based out of Vancouver, Canada, although it will maintain corporate offices in the UK and Johannesburg. South Africa,
Anglo American shareholders will own approximately 62.4% of the merged company and Teck will own the remaining 37.6%.
It will continue its primary list London Stock Exchange (LSE), with secondary list torontoSouth Africa and New York.
The deal comes days after Anglo American abandoned plans to give its top bosses multi-million pound bonuses if the deal was completed.
The FTSE 100 had planned to make changes to its long-term incentive plans for owners, but said it would now abandon them following shareholder objections.