Anglo-American's MMG deal faces EU antitrust probe, source says

MMG

29/10/2025 14:47

BRUSSELS, Oct 29 (Reuters) - Anglo American's AAL.L plan to sell its nickel operations in Brazil to a unit of Hong Kong-listed MMG 1208.HK faces a full-scale EU antitrust investigation after regulators rejected the companies' remedy offer, a person with direct knowledge of the matter said on Wednesday.

The companies earlier this month offered to buy ferronickel from MMG for resale in Europe for up to 10 years to ease EU antitrust concerns.

The European Commission, which acts as the EU competition enforcer, has declined to seek feedback from rivals and customers regarding the remedy, the source said.

 (Reporting by Foo Yun Chee
Editing by Ros Russell)

 ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))