Wedoany.com Report-Nov. 24, MMG, a Hong Kong-listed mining and metals company, announced on Monday that the European Commission has extended its review of the proposed acquisition of Anglo American's nickel business in Brazil.

The European Commission, responsible for evaluating mergers within the European Union, initiated a Phase II investigation in early November 2025. MMG noted that the duration of the extended review remains unspecified at this time.

The transaction, first disclosed by Anglo American in February 2025, involves the sale of two ferronickel operations and two undeveloped projects located in Brazil.

In light of the ongoing review, MMG and Anglo American have mutually agreed to extend the deadline for fulfilling all transaction conditions from November 18, 2025, to June 30, 2026.

MMG stated that it will maintain close cooperation with Anglo American and the European Commission to support the review process.

The acquisition aligns with MMG's strategy to expand its portfolio in key commodities, leveraging its expertise in mining operations across multiple regions. Brazil's nickel sector offers established infrastructure and resource potential, which could enhance production capabilities for both companies involved.

Anglo American's Brazilian nickel assets include processing facilities designed for efficient output, contributing to global supply chains for materials used in various industries. The greenfield projects represent opportunities for future development, potentially increasing capacity in response to market demand.

MMG, with operations in Australia, Africa, and South America, emphasizes sustainable practices in its mining activities. The company has a track record of integrating new assets smoothly while adhering to international standards.

The extended timeline provides additional time for thorough assessment, ensuring all aspects of the deal are addressed comprehensively. Both parties remain committed to completing the transaction under the revised schedule.

This development reflects standard procedures in international mergers, where regulatory bodies conduct detailed evaluations to confirm compliance with applicable guidelines. MMG expressed confidence in the positive outcome of the process.

The Brazilian nickel business has been a significant part of Anglo American's portfolio, supporting regional employment and economic activity. Upon completion, the transfer could foster continued investment in the area.

MMG plans to apply its operational knowledge to maintain high standards at the facilities, focusing on efficiency and community engagement. The company has previously successfully managed similar integrations in diverse locations.

Overall, the agreement extension allows for careful progression, benefiting stakeholders through a structured approach. MMG will provide updates as the review advances.