US EditionEU Probes China-Backed Bid for Anglo American Nickel Mines
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11 Articles
Pequim responds to European research on the purchase of Anglo-American nickel business by a Chinese state, asking for transparency and criticising the "politisation" of commercial issues.
Brussels, Belgium.The European Union announced Tuesday an investigation into the plan of the multinational Anglo American mining company to sell its nickel business in Brazil to the MMG group, controlled by a Chinese state-owned company.The agreement announced in February opens the way to MMG to buy for $500 million two ferroniquel operations in Brazil, Barro Alto and Codemin, and two other projects, Jacaré and Morro Sem Boné.But according to th…
On Tuesday, 4 November, the European Union announced the opening of an in-depth investigation into the divestment of the nickel business of the British mining giant Anglo American to MMG Limited, controlled by a Chinese public group.
EU initiates Phase II investigation into MMG-Anglo nickel deal
The European Union (EU) has initiated an in-depth Phase II merger investigation into the $500m acquisition of Anglo American’s Brazilian nickel business by Chinese-owned MMG, citing concerns that the deal could impact the EU’s stainless-steel industry.The post EU initiates Phase II investigation into MMG-Anglo nickel deal appeared first on Mining Technology.
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