Jurisdiction(s):
United Kingdom

Key definition

EUMR definition

What does EUMR mean? EUMR describes the EU’s merger control regime under which the European Commission reviews “concentrations” (mergers, acquisitions and full‑function joint ventures) meeting EU‑wide turnover thresholds. It is set out in legislation: Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (OJ L 24, 29.1.2004), as amended. Key features include a mandatory, suspensory notification system, the “one‑stop shop” for EU‑dimension deals, defined turnover thresholds, Phase I and Phase II review, remedies (commitments) to address competition concerns, and significant fines for gun‑jumping. Referral mechanisms allow cases to move between the Commission and EU national authorities (notably Articles 4(4), 4(5), 9 and...

EU Merger Control: Phase II into MMG/Anglo American Brazilian Nickel (M.11944) - Vertical Ferronickel Supply Foreclosure Concerns; Behavioural Remedies Rejected

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Practice notes

CASE HUB

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Case facts

Summary of the European Commission’s merger review into MMG Limited’s proposed purchase of Anglo American’s Brazilian nickel operations (M.11944). The deal features vertical connections regarding the supply of ferronickel.

Latest developments

On 24 November 2025, the Commission suspended the phase II review timetable pursuant to Article 11(3) EUMR.

Parties

MMG Limited (MMG): Listed on the Hong Kong Stock Exchange; the majority of its shares are ultimately owned by China Minmetals Corporation, a State owned enterprise under the control of the State-owned Assets Supervision and Administration Commission of the Chine State Council. A multinational metals and mining group engaged in the exploration, development and production of base metals, principally copper and zinc.

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Web page updated on 22/05/2026

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