MMG Extends Deadline for Completion of Anglo American Nickel Business Acquisition to October 31

Stock News07-03

MMG Limited (HKEX: 01208) has issued an announcement regarding the conditional acquisition of Anglo American's nickel business in Brazil and its ongoing merger control review by the European Commission, which commenced on November 5, 2025.

The company's obligations to complete the acquisition are subject to the satisfaction or waiver of several pre-conditions, including obtaining merger control approvals from multiple jurisdictions, acceptance of the acquisition filing by China's National Development and Reform Commission, and acceptance of the filing by China's Ministry of Commerce.

Given that all other conditions have been met, the European Commission has extended its review into a second-phase investigation. The timeline for the Commission to conclude its review remains uncertain.

Under the share purchase agreement, the final deadline for fulfilling the completion conditions had been extended to June 30, 2026. Following this final deadline, either party holds the right to terminate the agreement. The involved parties have now agreed to further extend this final deadline to October 31, 2026.

Furthermore, MMG will continue to collaborate with Anglo American and the European Commission to facilitate the ongoing review process.

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