Flacks Group acquires former ILVA steel group with EUR 5B investment

US-based Flacks Group reached an agreement with the Italian government to acquire the former ILVA steel group, including the Taranto steelworks. Flacks will invest up to EUR 5 billion to modernize operations, while the Italian government retains a 40% stake.

“The Flacks Group has reached an agreement with the Italian government for the acquisition of the Ilva steelworks, the largest integrated steel plant in Europe.”ansa.it

• 1 source
• ansa.itFlacks buys ex ILVA steel group - TopNews - Ansa.itANSA English DeskDec 30, 2025

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