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Glencore Buys Teck Steel Company

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Qatar Investment Authority has a significant position in Glencore and China Investment Corporation has a large position in Teck Resources. QIA owns 8.5% of Glencore while CIC owns 9.9% of Teck. Glencore has announced that it has entered into a binding agreement with Teck Resources for the acquisition of a 77% effective interest in the…

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