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AAL@tickerstatVerified official TickerStat account

Anglo American nickel sale receives formal EU antitrust objections

The European Commission issued antitrust objections to MMG’s proposed purchase of Anglo American’s ($AAL-LSE) Brazilian nickel business. The concern is that supplies of ferronickel currently available to European steelmakers could be redirected toward affiliated buyers. This moves the process beyond earlier media reports that a formal objection might be forthcoming. Anglo American disputes the competition assessment and argues that the transaction would not change the number of suppliers in the

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AAL@tickerstatVerified official TickerStat account

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

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