Finance
EU antitrust regulators pause probe into MMG's Anglo American deal
Published by Global Banking and Finance Review
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 25, 2025
1 min readLast updated: January 20, 2026
EU regulators pause MMG's acquisition of Anglo American's nickel business due to missing info, impacting European steel supply.
BRUSSELS (Reuters) -EU antitrust regulators have paused their investigation into Hong Kong-listed mining and metals company MMG's plan to buy Anglo American's Brazilian nickel business, an update on the European Commission website showed on Tuesday.
The EU executive, which acts as the EU competition enforcer, stopped the clock on November 24.
"The 'clock' in merger investigations can be suspended if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them (for its competition assessment) within a prescribed deadline," a Commission spokesperson said.
"Once the missing information is supplied by the parties, the clock is restarted and the legal deadline for the Commission's decision is then adjusted accordingly."
The Commission warned this month that the deal, which comes against a backdrop of global concern over the supply of key minerals and China's dominance in that area, could enable MMG to divert ferronickel from Europe, hurting European steel producers.
MMG's biggest shareholder is state-owned Chinese company China Minmetals Corporation (CMC).
(Reporting by Foo Yun CheeEditing by Jan Harvey and David Goodman)
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.
Antitrust regulations are laws designed to promote competition and prevent monopolistic practices in the market, ensuring fair competition among businesses.
A merger is a business transaction where two companies combine to form a single entity, often to enhance competitiveness or achieve synergies.
Ferronickel is an alloy of nickel and iron, primarily used in the production of stainless steel and other alloys.
Competition assessment is the evaluation process conducted by regulatory authorities to determine the impact of a merger or acquisition on market competition.
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