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28 Jun
14:22

Arvedi looks to re-shape Ilva acquisition consortium

State-owned Italian bank Cassa Depositi e Prestiti (CDP) is considering its support for a new consortium formed by local steelmaker Arvedi for the acquisition of Ilva, Kallanish learns from sources in the industry. CDP was reportedly close to backing a consortium formed by Arvedi, the founder and chairman of Luxottica, Leonardo Del Vecchio, and the Turkish steelmaker Erdemir. However, following Erdemir’s decision to postpone its participation in the projec…
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