Post by Anglo American
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We are thrilled at the positive response to the announcement of our merger of equals with Teck Resources Limited, to create a global critical minerals champion. Some of the key highlights include: ✅ Portfolio resilience The combined group will benefit from six world-class copper assets, as well as high-quality iron ore, zinc, and crop nutrients, all backed by a strong balance sheet and long-term project pipeline. ✅ Shareholding structure Post-merger, Anglo American shareholders will own ~62.4% of the new company, and Teck shareholders ~37.6%. ✅ Special dividend for shareholders Anglo American shareholders will receive a US$4.5 billion special dividend (~US$4.19 per share) prior to completion of the merger. ✅ Global listings and presence Anglo Teck will be headquartered in Canada, with a primary listing on the London Stock Exchange and secondary listings on the Johannesburg, Toronto, and New York Stock Exchanges, ultimately enhancing global investor access. ✅ Full board support and proposed timeline Both Boards have unanimously approved the merger, which is expected to complete in 12–18 months, subject to regulatory and shareholder approvals. Learn more by visiting our website: https://lnkd.in/enTaapvK