ArcelorMittal committed to buying Ilva despite Italy's economy minister claiming tender is invalid

ArcelorMittal remains committed to its acquisition of Italian flat-rolled steel producer Ilva and to acting as a responsible owner and operator of the business, a company spokesman told Metal Bulletin on Thursday August 23.

Luigi Di Maio, Italy's minister for economic development, stated a day earlier that the tender for the sale of Ilva might be invalid.
Italian anti-corruption authority ANAC started an investigation in mid-July, which could result in the cancellation of the tender to sell Ilva - won by a consortium led by ArcelorMittal in June 2017.

State lawyers confirmed the problems...

Published

Maria Tanatar

August 23, 2018

19:27 GMT

Saint Petersburg, Russia