JSW consortium submits bid for Italian plant Ilva

Ray-Ban owner part of consortium

Ishita Ayan Dutt  |  Kolkata 

Sajjan Jindal’s JSW Steel, along with three consortium partners, including the owner of the Luxottica Group, has submitted a final bid for Italy’s loss-making 10-million-tonne steel plant, Ilva. The JSW consortium will be pitted against the one led by ArcelorMittal and Italian steel-processing major Marcegaglia.  The bid value is not known but is likely to be around $1 billion. The deadline, as of now, for submitting bids is March 4, which is when the Italian government is expected to take a decision. According to the contours of the arrangement ...

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JSW consortium submits bid for Italian plant Ilva

Ray-Ban owner part of consortium

Ray-Ban owner part of consortium Sajjan Jindal’s JSW Steel, along with three consortium partners, including the owner of the Luxottica Group, has submitted a final bid for Italy’s loss-making 10-million-tonne steel plant, Ilva. The JSW consortium will be pitted against the one led by ArcelorMittal and Italian steel-processing major Marcegaglia.  The bid value is not known but is likely to be around $1 billion. The deadline, as of now, for submitting bids is March 4, which is when the Italian government is expected to take a decision. According to the contours of the arrangement ... image
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