The European Commission originally slated the conclusion of its antitrust investigation for November 30. However, the introduction of a legally enforceable supply guarantee by MMG—a firm majority-owned by state-controlled China Minmetals—has prompted an administrative extension. This proposal serves as a direct response to the watchdog’s fears that the acquisition could restrict local access to essential commodities. By offering these commitments, the companies hope to clear the final regulatory hurdles necessary to finalize the transaction.
In section Market Quotes
EU Pushes Back Deadline on MMG’s Brazilian Nickel Acquisition
Regulators have extended the deadline for reviewing MMG’s bid to acquire Anglo American’s Brazilian nickel operations to December 21. The shift follows a formal submission of concessions by the China-backed miner, which aims to address concerns regarding the potential diversion of critical ferronickel supplies away from European markets.
Comments (0)
No comments yet. Be the first!