MMG's Anglo American deal may lead to nickel diverted away from Europe, EU warns

Reuters

Nov 05

BRUSSELS, Nov 4 (Reuters) - Hong Kong-listed mining and metals company MMG's 1208.HK plan to buy Anglo American's AAL.L nickel business in Brazil could enable MMG to divert ferronickel from European markets and hurt European stainless stell production, EU antitrust regulators said on Tuesday.

The warning from the European Commission, which acts as the EU competition enforcer, came as it opened an in-depth investigation into the deal.

(Reporting by Foo Yun Chee)

((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))

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