SAO PAULO (Reuters) -Brazil's antitrust watchdog CADE has dismissed an investigation into Anglo American's plan to sell its nickel operations in the country to a unit of Hong Kong-listed MMG for up to
Brazil antitrust watchdog shelves probe into Anglo American nickel deal, Folh...
Overview of the Investigation
SAO PAULO (Reuters) -Brazil's antitrust watchdog CADE has dismissed an investigation into Anglo American's plan to sell its nickel operations in the country to a unit of Hong Kong-listed MMG for up to $500 million, newspaper Folha de S.Paulo reported on Wednesday.
Details of the Nickel Deal
Anglo American and CADE did not immediately respond to requests for comment.
Background of the Complaint
The probe had been opened after a complaint from CoreX Holding, a global industrial group and direct competitor in the region, according to a Financial Times report earlier this month.
Involvement of CoreX Holding
(Reporting by Fernando Cardoso; Additional reporting by Marta Nogueira and Andre Romani; Editing by Gabriel Araujo)
