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CIC sells part of stake in Canada's Teck Resources

Published 2017-09-05, 12:09 p/m
© Reuters.  CIC sells part of stake in Canada's Teck Resources
TECK
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Sept 5 (Reuters) - A unit of China Investment Corp (CIC) has sold 42 million class B voting shares of Teck Resources Ltd TECKb.TO , equal to 7.26 percent of all outstanding Teck shares, in a private transaction, the Canadian miner said on Tuesday.

CIC has advised Teck that it did the transaction in the "ordinary course of its portfolio adjustment", Teck said in a statement. CIC intends to hold the balance of its Class B Teck shares as a long-term financial investor, the company said.

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