MMG has provided an update on its proposed acquisition of Anglo American's nickel business, noting that completion remains subject to several conditions, including merger control approvals in multiple jurisdictions and relevant filings with China's National Development and Reform Commission and Ministry of Commerce.
Given that all other conditions have been met, the European Commission has extended the review to the second stage. The timeline for the EU's final decision remains uncertain.
Under the share purchase agreement, the final deadline for the completion of the conditions is November 18, 2025. Following mutual agreement among the parties, this deadline has now been extended to June 30, 2026. MMG stated it will continue to engage with both Anglo American and the European Commission to support the review process.
The European Commission has since announced a suspension of the statutory deadline for its in-depth investigation into MMG's US$500 million acquisition of Anglo American's Brazilian nickel operations. The Commission's public register indicates the review timeline has been paused, though no further details were provided.
Written by Cora Ji, jiruyan@mysteel.com
