Glencore's Teck Coal Unit Deal Is Said to Near Canada Approval.

Canada's federal government is expected to approve Glencore Plc's $6.9 billion acquisition of Teck Resources Ltd.'s metallurgical coal business, according to anonymous sources. The approval is anticipated to come with strict conditions to protect jobs and uphold environmental standards. The deal, which was announced last year, will see Glencore acquire a 77% stake in Teck's coal business. The government's review of the deal reflects its commitment to balancing economic interests with environmental concerns. [Extracted from the article]