July 24, 2018 / 8:34 AM / Updated 31 minutes ago
ArcelorMittal says it has accepted new conditions for purchase of steel plant Ilva
ROME (Reuters) - Steel giant ArcelorMittal said on Tuesday it had accepted new conditions set by Italian authorities for the purchase of troubled steelmaker Ilva, in a move that could facilitate its acquisition of Europe’s largest steel plant.
FILE PHOTO: The logo of steel factory ArcelorMittal is pictured in Seraing near the Belgian city of Liege, March 10, 2016. REUTERS/Francois Lenoir/File Photo
ArcelorMittal has informed the Italian authorities that “it accepts all requests of further commitments” for its plan to purchase the plant in southern Italy, it said in a statement.
It asked the Italian government to back its talks with unions to reach a final deal, it added.
Reporting by Francesco Guarascio; editing by Philip Pullella
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