Anglo Asian Mining Sees Acquisition Prospects End After ACG Metals Opts Against Proceeding

Anglo Asian Mining Plc (AAZ.L) has received confirmation that ACG Metals Limited will not be proceeding with its proposed acquisition of the Company. The decision marks a significant development following ACG’s preliminary notice issued on November 26, 2025.

The withdrawal stems from ACG’s comprehensive evaluation of Anglo Asian’s operational assets measured against their internal criteria for capital deployment. According to regulatory frameworks governing takeover activity, ACG is restricted from launching any fresh approach unless specific circumstances materialize—including obtaining approval from Anglo Asian’s Board of Directors, intervention from competing third-party bidders, engagement in reverse merger structures, or material shifts in circumstances as adjudicated by the Takeover Panel.

The market reacted swiftly to this development. On Thursday’s trading session at the London Stock Exchange, AAZ.L shares declined to GBP 227.90, representing a loss of GBP 2.10 or 0.91 percent from the previous close. This price movement reflects investor sentiment regarding the collapsed acquisition prospect and its implications for the Company’s strategic position moving forward.

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