10
Aug
09:49
Italian government allocates Ilva investment funds
The Italian government has allocated €470 million ($553m) to becoming a shareholder in troubled ArcelorMittal Italia, formerly Ilva, through its investment body Invitalia.
The state is carrying out due diligence to determine the true value of the steelmaker, after which it will decide whether it becomes Ilva’s majority shareholder, Kallanish learns from sources close to the matter.
ArcelorMittal has a withdrawal right by 30 November, subject to the pay…
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Anonymous
Very good overview of the weekly steel market.
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