MMG ( (HK:1208) ) has issued an announcement.
MMG Limited has announced the acquisition of the Anglo American nickel business in Brazil, which includes the Target Group and the Nickel Sales Function. This acquisition is expected to enhance MMG’s operational capabilities and market position in the nickel industry. The valuation of the acquired assets was based on a discounted cash flow method, with assumptions about the continuous operation and stable management of the Target Group. The acquisition is projected to generate an average annual EBITDA of approximately US$110 million, excluding the final year of the mine life.
More about MMG
MMG Limited is a company incorporated in Hong Kong, primarily involved in the mining industry. The company focuses on the extraction and sale of minerals, with a market focus that includes various global regions.
YTD Price Performance: 0.31%
Average Trading Volume: 4,480
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.26B
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