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Anglo American’s Brazil nickel sale faces antitrust probe - report Investing.com -- Brazil’s competition authority has launched an investigation into Anglo American’s plan to sell its nickel operation in the country, according to a Financial Times report on Wednesday. CADE, Brazil’s antitrust regulator, confirmed it had opened a probe into the $500 million deal that Anglo American (LON:AAL) agreed in February with MMG Singapore Resources. The investigation was initiated in response to a complaint. "Based on a complaint received, an Administrative Procedure for Investigating an Act of Economic Concentration was instituted," CADE said, according to the FT. The Financial Times reported that Global industrial group CoreX Holding filed the objection to the deal, citing a person with direct knowledge of the matter. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. The fastest way to find out is with our Fair Value calculator. We use a mix of 17 proven industry valuation models for maximum accuracy. Get the bottom line for AAL plus thousands of other stocks and find your next hidden gem with massive upside.

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Brazil opens probe into Anglo American’s $500 million nickel sale, FT reports (Reuters) -Brazil’s competition authority has launched an investigation into Anglo American’s plan to sell its nickel operation in the country, the Financial Times reported on Wednesday. CADE, Brazil’s antitrust regulator, confirmed it had opened a probe into the $500 million deal Anglo agreed in February with MMG Singapore Resources, in response to a complaint, the FT report said. "Based on a complaint received, an Administrative Procedure for Investigating an Act of Economic Concentration was instituted," the FT quoted CADE as saying. Global industrial group CoreX Holding lodged the objection to the deal, the newspaper added, citing a person with direct knowledge of the matter. The London-listed miner demerged its platinum business in May and in July said its nickel and steelmaking coal assets were discontinued operations. It has been selling or spinning off non-core assets to focus on copper and iron ore since bigger rival BHP’s failed attempt to take it over last year. The company has also said it is weighing whether to sell or list its loss-making De Beers diamond unit. Anglo American, CADE and CoreX Holding did not immediately respond to requests for comment. Reuters could not immediately verify the report. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Get an up-to-the-minute summary from WarrenAI, our powerful AI financial researcher. It's just like ChatGPT for investors, but with access to 1,200+ premium metrics spanning 10 years of data to instantly screen fundamentals, summarize breaking news, and reveal what Wall Street analysts are really saying about BHP. Ask questions in your own language and get insider answers in seconds. Think of it as your experienced investment partner—always ready to help you think through every angle of BHP.

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Pendant les guerres, les affaires continuent en détruisant toujours plus profondément notre planète.
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