# 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.

- Type: Acquisition
- Announced: 2025-12-30
- Where: Taranto, Italy
- Value: $5.20B (5.00B EUR)
- Jobs: 8,500
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Flacks Group](https://endata.com/companies/4980.md) (acquirer)
- [Ilva](https://endata.com/companies/24770.md) (target)

## Sources

- [ansa.it](https://www.ansa.it/english/news/2025/12/30/flacks-buys-ex-ilva-steel-group_94eb63a0-8b27-4d99-89ea-3ee441d968f4.html), 2025-12-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.