ACCIAITALIA LAUNCHS BID FOR ILVA AND BECOMES "RIVAL" OF ARCELORMITTAL

AcciaItalia, a newly formed company of which Italian government agency Cassa Depositi e Prestiti (CDP) is the majority shareholder, has launched a bid for beleaguered steelmaker Ilva, it announced on Thursday June 30.

ArcelorMittal also wants to buy Ilva.