Zhitong Finance App News, Minmetals Resources (01208) announced that the obligation of the company and Anglo-American Resources to complete the acquisition can only take effect after certain preconditions (conditions) have been met or waived, including: obtaining merger control approval in multiple jurisdictions; receiving acceptance by the National Development and Reform Commission (NDRC) of the People's Republic of China (NDRC) of the People's Republic of China (NDRC) of the People's Republic of China for declarations relating to acquisitions; and acceptance by the Ministry of Commerce of the People's Republic of China (Ministry of Commerce) of the People's Republic of China (Ministry of Commerce) of the People's Republic of China (Ministry of Commerce) of the People's Republic of China (Ministry of Commerce) of the People's Republic of China (Ministry of Commerce).
As all other conditions have been met, the European Commission review was extended to the second phase of the review. The European Commission is now required to complete its review by December 21, 2026.
According to the share purchase agreement, the deadline for completion of the conditions is October 31, 2026 (final deadline). After the final cutoff date, either party may choose to terminate the agreement. The parties have now agreed to extend the final deadline until December 31, 2026.
Minmetals Resources will continue to cooperate with Anglo-American Resources and the European Commission to assist the European Commission in carrying out the review.