MMG defends Anglo American deal against EU regulators
MMG criticized EU antitrust regulators for allegedly ignoring evidence regarding its bid for Anglo American's Brazilian nickel business. Executives warned that blocking the deal could force the mine to close.
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MMG LTD accused EU antitrust regulators on Thursday of ignoring evidence that its $500 million bid for ANGLO AMERICAN PLC's Brazilian nickel business would not divert supplies to China procedures. The criticism followed a day-long hearing where the Hong Kong-listed miner defended the transaction before officials, including the European Commission's top merger official Guillaume Loriot. The challenge tests regulatory scrutiny over critical mineral acquisitions amid heightened scrutiny of supply chain dependencies.
