MMG (01208.HK): deadline for Anglo American Brazil nickel acquisition extended to 31 Dec, EU review enters phase two
NewTimeSpace News: On 3 November 2026, MMG Limited (01208.HK) disclosed that the long-stop date for its acquisition of Anglo American's nickel business in Brazil has been extended from 31 October 2026 to 31 December 2026.
Completion of the acquisition is subject to the satisfaction or waiver of a number of conditions, including obtaining merger control approvals in multiple jurisdictions, acceptance of the relevant filing by the National Development and Reform Commission, and acceptance of the relevant filing by the Ministry of Commerce. As all other conditions have been satisfied, the European Commission review has been extended to a phase two review, which must now be completed by 21 December.
Under the share purchase agreement, either party may elect to terminate the agreement after the long-stop date. MMG will continue to cooperate with Anglo American and the European Commission to assist the latter in its review.
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