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Hi, I’m Gabi from Bloomberg’s UK breaking news team, bringing you the latest corporate updates making waves this morning.
Commodities giant Glencore finally clinched a deal with Teck Resources, agreeing to buy a majority stake in the Canadian company’s steelmaking coal business for $6.9 billion. It caps months of wrangling between the two and sets the stage for Glencore to spin off its own coal unit at a later date.
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