Glencore bid for Teck's coal assets is subject to Canada review - Ottawa
In this article:
OTTAWA, Nov 14 (Reuters) - A Glencore-led consortium's bid for Canadian miner Teck Resources' steelmaking coal unit for $9 billion is subject to a Canadian government review, the federal innovation ministry said on Tuesday.
"The transaction involving a Canadian company and a foreign company would be subject to a review under the Investment Canada Act. Due to the confidentiality provisions of the Investment Canada Act, we cannot comment further," it said in a statement.
(Reporting by David Ljunggren)
