Teck to sell 17 percent stake to China for C$1.74 billion (source: Reuters)

Written on July 3rd, 2009 by

TORONTO (Reuters) – Teck Resources 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. (source: Reuters) – and Stock Market News on .