sexta-feira, 3 de junho de 2016

ARCELORMITTAL PUSHES BID FOR ITALY'S ILVA STEEL PLANT

ArcelorMittal (ISPA.AS) has asked Italy's state lender Cassa Depositi e Prestiti (CDP) to back its bid for the troubled Ilva steel plant as it fights competition from two other bidders, according to an interview published in Il Sole 24 on Friday.
On Tuesday the Italian government extended to June 30 the deadline for presentation of binding offers for Europe's largest steel plant by output capacity and said it would take four months to assess environmental aspects of the bids.
The government took over administration of the loss-making business last year to try to save some 16,000 jobs and clean up its polluting factories in the southern Italian city of Taranto.

The head of mergers and acquisitions at ArcellorMittal, the world's top steel producer, described the acquisition of Ilva as "strategic" in the interview.

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