Steel Mills
August 7, 2018
Ilva Acquisition by ArcelorMittal Faces More Delays
Written by Sandy Williams
The takeover of Italian steel mill Ilva by ArcelorMittal has encountered another snag. Deputy Prime Minister Luigi Di Maio said he is still not satisfied by the environmental and jobs plan proposed by the steelmaker and will suspend talks until a better offer is submitted.
Di Maio said talks could continue later in the week. “AM must show signs of life and tell us if it will move from the figures agreed with former [industry] minister [Carlo] Calenda and then perhaps we can start talking again.”
