S&P DJI changes TSX criteria, potentially clearing way for Anglo Teck inclusion

  • S&P Dow Jones Indices will revise eligibility rules for S&P/TSX Canadian Indices.
  • $53 billion merger would create the world’s fifth-largest copper producer.
  • Implementation is planned for December 21, 2026, after a July consultation.

S&P Dow Jones Indices will broaden eligibility for the S&P/TSX Canadian Indices, potentially allowing Anglo Teck to remain in the S&P/TSX Composite after Anglo American’s planned merger with Teck Resources. Foreign companies listed on the Toronto Stock Exchange but neither domiciled nor incorporated in Canada could qualify if they maintain a material and substantive connection to Canada. The previous rules limited eligibility to TSX-listed companies domiciled or incorporated in Canada. Anglo American’s $53 billion all-stock transaction with Teck is expected to close between September and March, creating the world’s fifth-largest copper producer. The combined company is expected to be headquartered in Canada while maintaining its primary stock listing in London. Fairbank Investment Management portfolio manager Robert Gill said the company is highly likely to remain in the index because of its Vancouver headquarters and substantial ongoing spending in Canada. The change follows a consultation launched in July, with implementation planned for December 21, 2026.

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S&P DJI changes TSX criteria, potentially clearing way for Anglo Teck inclusion - CoinPost Terminal