Italian authorities delay Ilva acquisition by ArcelorMittal until September

The Italian authorities have postponed the takeover of steelmaker Ilva by ArcelorMittal until September 15, the minister of economic development, labour & social policies, Luigi Di Maio, said this week.

Originally, ArcelorMittal expected to finalise the acquisition of Ilva by the end of the second quarter.

In early May this year, the European Commission conditionally approved the acquisition, dependent on an extensive package of divestments, proposed by ArcelorMittal, to preserve effective competition in...


Maria Tanatar

June 27, 2018

16:28 GMT