MMG Extends Deadline to Complete Anglo American Nickel Deal Amid EU Review

MMG (HKG:1208) agreed with Anglo American to extend the deadline to complete its acquisition of the miner's Brazilian nickel business to Oct. 31, as the deal remains under review by the European Commission, according to a Friday Hong Kong bourse filing. The latest deadline, previously set for June 30, was extended after the European Commission moved its merger review into a Phase II investigation, with the timing of the regulator's decision remaining uncertain, the company said in a filing. MMG said all other conditions for completing the transaction, including merger clearances in other jurisdictions and filings with China's National Development and Reform Commission and Ministry of Commerce, have been satisfied. The company said it will continue to work with Anglo American and the European Commission to support the ongoing merger review.