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Home Steel News Arcelor Mittal and Marcegaglia may bid for ILVA if CDP joins hands
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Arcelor Mittal and Marcegaglia may bid for ILVA if CDP joins hands

4 May 2016 13:32 reported by Ellen Huang

A A A
ANSA reported that Arcelor Mittal and Italy's Marcegaglia steel group
are interested to join bid for the troubled steeelmaker ILVA if Italian government owned bank Cassa Depositi e Prestiti (CDP)comes in line.

The two groups had talks with CDP Monday outlining their plans. They said they would make a binding offer by an end-May deadline if the government bank comes into a three-way consortium.

ILVA has been put up for sale after the court-ordered seizure of assets at its highly polluting Taranto plant, which is being cleaned up.

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Metal Price Index

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