Italian authorities delay Ilva acquisition by ArcelorMittal until September

By Maria Tanatar / June 27, 2018 / www.metalbulletin.com / Article Link

The Italian authorities have postponed the takeover of steelmaker Ilva by ArcelorMittal until September 15, the minister of economic development, labour & social policies, Luigi Di Maio, said this week.

Originally, ArcelorMittal expected to finalise the acquisition of Ilva by the end of the second quarter."I am evaluating every possible impact related to the decision I will have," Di Maio said. "I[The] impact in environmental, social, economic and employment terms."In early May this year, the European Commission conditionally...

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