Anglo American’s nickel-business sale faces possible EU objections

The European Commission is preparing antitrust objections to MMG’s purchase of Anglo American’s ($AAL-LSE) Brazilian nickel business, according to Reuters sources. The sources expected a formal statement of objections to follow. Anglo American maintains the deal raises no competition concerns. The report describes a potential regulatory challenge, not an official prohibition or the cancellation of the sale.

Sources:

• Reuters — possible European Commission objections