Origin Merchant Partners (“Origin”) is pleased to announce that it acted as a Financial Advisor to the Special Committee of Teck Resources (“Teck”) with respect to its sale of Elk Valley Resources (“EVR”) to Glencore plc (“Glencore”) for US$9.0 billion.
Teck is one of Canada’s leading mining companies with operations and projects in Canada, the United States, Chile and Peru. Following the spin-off, and subject to its approval, Teck will continue as Teck Metals, which will become a world-class growth-oriented producer of energy transition metals.
EVR will continue as a pure-play, high-margin steelmaking coal producer.
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, they produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
Origin Senior Leads: Charles Pennock, Jim Osler, Jim Meloche.
