Finance
Anglo American offers remedies seeking EU approval for MMG deal, source says
Published by Global Banking & Finance Review®
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 15, 2025
2 min readLast updated: January 21, 2026
Anglo American offers solutions to gain EU approval for its $500M nickel business sale to MMG, addressing antitrust concerns.
By Foo Yun Chee
BRUSSELS (Reuters) -Anglo American has offered to buy ferronickel from MMG for resale in Europe for up to 10 years to ease EU antitrust concerns about the sale of its nickel business to a unit of the Hong Kong-listed company, a person with direct knowledge of the matter said on Wednesday.
London-listed Anglo American announced the $500 million deal to sell its nickel business in Brazil in February. The European Commission is now examining the sale.
The offered remedy would address any regulatory concerns that the deal could cut off some of the supply of the metal for customers in Europe, while still enabling the Hong Kong company to sell its products in Europe, the source said.
The deal would be for an agreed amount of ferronickel from the two mines in Brazil which is equivalent to their current sales in Europe, the person said. It would be valid for five years with an option for another five years.
The Commission, which acts as the EU competition enforcer, confirmed receipt of Anglo American's remedies and extended its deadline decision to November 4.
It is expected to seek feedback from rivals and customers before deciding whether to accept the concessions, demand more or open a four-month-long investigation.
The sale is part of Anglo American's broader restructuring to refocus on copper and iron ore mining. Around two-thirds of all refined nickel produced is used by the stainless steel industry.
(Reporting by Foo Yun Chee; Editing by Kirsten Donovan and Tomasz Janowski)
Ferronickel is an alloy of nickel and iron, primarily used in the production of stainless steel. It is produced from nickel ore and is essential for various industrial applications.
Antitrust refers to laws and regulations that promote competition and prevent monopolies in the marketplace. These laws aim to protect consumers and ensure fair business practices.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the EU's day-to-day operations.
A regulatory concern is an issue that may violate laws or regulations governing a specific industry. It often relates to compliance with standards set by governing bodies.
A merger is a business transaction where two companies combine to form a single entity. This can enhance market share, reduce competition, and create synergies.
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