ArcelorMittal: Negotiations Over Ilva Plant to Continue
December 20 2019 - 7:22AM
Dow Jones News
By Carlo Martuscelli
ArcelorMittal (MT.FR) said Friday that the AM InvestCo
consortium has reached a non-binding agreement with the Italian
government over negotiations to rescue the Ilva steel plant.
Discussions would include a state-owned entity taking a stake in
the plant, located in Southern Italy, as well as investments in new
technology, the steel maker said.
ArcelorMittal said that talks will continue into January, and
that in the meantime the consortium as well as the government
commissioners have asked that any interim measures regarding the
factory be postponed until the end of next month.
ArcelorMittal tried to abandon a 2018 deal to buy the plant
following a dispute over legal immunity for cleaning up the
site.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
December 20, 2019 07:07 ET (12:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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