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Teck to sell 17 percent stake to China for C$1.74 billion
(Reuters) Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments. |
Chinese company buys stake in Teck Resources - The Spokesman Review Globe and MailChinese company buys stake in Teck ResourcesThe Spokesman ReviewTORONTO – Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for $1.5 billion in a bid to reduce its debt. The Vancouver, BC-based company said CIC, the world's largest commodity buyer, ...China fund to buy $1.5... |
