Anglo American offers remedies in bid for EU okay for MMG deal, source says
Reuters
Oct 15
Anglo American offers remedies in bid for EU okay for MMG deal, source says
BRUSSELS, Oct 15 (Reuters) - Anglo American AAL.L has offered to buy ferronickel from MMG 1208.HK for resale in Europe for up to 10 years in a bid to ease EU antitrust concerns about the sale of its nickel business to a unit of the Hong Kong-listed company, a person with direct knowledge of the matter said on Wednesday.
London-listed Anglo American announced the $500 million deal to sell its nickel business in Brazil in February. The European Commission is now examining the sale.
(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)
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