By Divya Rajagopal
TORONTO (Reuters) -Canada’s antitrust regulator will review the proposed merger of Anglo American and Teck Resources, the regulator said on Monday.
“I can confirm that the proposed Teck-Anglo merger will be reviewed by the Competition Bureau,” Marianne Blondin, senior communications adviser at the Competition Bureau in Canada, said in an emailed statement.
British miner Anglo American announced a $53 billion merger with Canada’s Teck Resources earlier this month, which would be the second-biggest merger in mining. In Canada, Anglo owns a diamond mine and Teck operates the Highland Valley Copper mine.
The antitrust regulator, in its review, will look at the likely anticompetitive effects of the proposed transaction and will also consult suppliers, competitors and buying groups.
Teck did not comment.
(Divya Rajagopal in Toronto)
