MMG climbs on progress in acquisition of Anglo American's Brazil nickel business
06/07/2026 03:41
BUZZ-MMG climbs on progress in acquisition of Anglo American's Brazil nickel business ** MMG Ltd 1208.HK shares climb 3.4% to HK$7.54, their highest level since June 24
** HK-listed miner says the European Commission has extended its review on MMG's acquisition of the Anglo American nickel business in Brazil to a Phase II review, but it is unclear how long the European Commission may require to complete its review
** The parties have agreed to extend the Long Stop Date to Oct 31, from June 30, and MMG will continue to work with Anglo American and the European Commission in the review - co
** Long Stop Date refers to the date by which the transaction needs to be completed on agreed terms
** YTD, stock down 15.4%, Hang Seng Composite Index on Material stocks .HSCIM down 19.2%
(Reporting by Donny Kwok)
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