ArcelorMittal has signed a binding agreement with Invitalia, an Italian state-owned company, forming a public-private partnership for the Taranto flat steel plant in the south of Italy, formerly known as Ilva, the steelmaker said late on December 10.
The investment agreement will result in a recapitalization of AM InvestCo, ArcelorMittal's subsidiary, which signed the purchase agreement for Ilva's business after ArcelorMittal completed its acquisition of Ilva on November 1, 2018.The second tranche of up...