European Union Issues Antitrust Warning over MMG's Nickel Deal with Anglo American (AAUKF:OTCMKTS)

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MMG received on Wednesday (16) an anti-trust warning from the European Union (EU) regarding its plan to acquire the Brazilian nickel business from Anglo American, since the regulators claimed that the mining and metals company, listed on the Hong Kong stock exchange, could divert supply from Europe, harming European stainless steel producers. The European Commission, acting as the body responsible for the application of the EU competition rules,…

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(Teleborsa) - The European Commission informed MMG of its preliminary assessment that the proposed acquisition of Anglo American nickel assets could restrict the...