ArcelorMittal, Marcegaglia set to acquire Ilva after commissioners give verdict

A consortium led by ArcelorMittal and Italian re-roller Marcegaglia has been chosen by special commissioners to take over Italian steelmaker Ilva, the Ilva Group announced on Friday May 26.

The group, named Am Investco Italy, was chosen based on factors including environmental plans and costs, according to Ilva.
“On the basis of the analysis and evaluation carried out in accordance with these elements, the extraordinary commissioners formulated the proposal for the award in favour of Am Investco Italy,” Ilva said.

Although no official decision has...


Lee Allen

May 26, 2017

18:52 GMT