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05 Nov
11:43

Final closing for Ilva purchase scheduled for 2022

The final closing by ArcelorMittal of the lease and purchase agreement for the steelmaker formerly known as Ilva is now scheduled by May 2022, subject to various conditions, ArcelorMittal says in a note seen by Kallanish. On 4 March ArcelorMittal announced that AM InvestCo and the Ilva Commissioners had signed an amendment agreement to the original lease and purchase agreement for Ilva. The amendment outlines the terms for a significant equity investment by Italia…
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