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Anglo American to sell its nickel business to MMG Singapore for up to $500M, aiding debt relief.
Anglo American has agreed to sell its nickel business to MMG Singapore Resources for up to $500 million.
The deal includes two ferronickel operations and two growth projects in Brazil and is part of Anglo's restructuring efforts to refocus on copper and iron ore.
The upfront payment is $350 million, with additional earnouts possible.
This sale, along with previous asset sales, aims to ease financial pressures, with Anglo's net debt at $11.1 billion as of June 2025.
The transaction is subject to regulatory approvals and is expected to close by Q3 2025.
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Anglo American venderá su negocio del níquel a MMG Singapur por hasta $500 millones, ayudando a aliviar la deuda.