MMG (HKG:1208) will submit a revised proposal to obtain the European Commission's approval for its $500 million deal to buy Anglo ​American's Brazilian nickel operations, according to a Reuters report on Wednesday.

According to the report, citing a company statement, MMG called the regulators' feedback critical but constructive and has agreed to modify its bid proposal without elaborating on the details of the new remedies.

A source told Reuters that boosting ferronickel supply volumes to Europe and offering better contract terms and pricing options were among the newly proposed remedies.

MMG and the European Commission's office did not immediately respond to requests for comment from MT Newswires.

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