# ArcelorMittal and Marcegaglia JV wins bid for Ilva steel assets

AM Investco Italy, a joint venture of ArcelorMittal and Marcegaglia, submitted the winning bid for the acquisition of Italian steelmaker Ilva S.p.A., including the largest steelmaking plant in Europe in Taranto, for a combined €4.2 billion investment.

- Type: Acquisition
- Announced: 2017-06-08
- Where: Taranto, Italy
- Value: $4.70B (4.20B EUR)
- Jobs: 10,000
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Marcegaglia](https://endata.com/companies/24769.md) (acquirer)
- [Ilva](https://endata.com/companies/24770.md) (target)

## Sources

- [clearygottlieb.com](https://www.clearygottlieb.com/news-and-insights/news-listing/arcelormittal-and-marcegaglia-joint-ventures-winning-bid-for-ilva), 2017-06-08: "Cleary Gottlieb advises AM Investco Italy, a joint venture of the steelmaking groups ArcelorMittal and Marcegaglia, on the winning bid for the acquisition of the assets of Italian steelmaking group, Ilva S.p.A."
- [tytsteelpipes.com](https://www.tytsteelpipes.com/news/the-two-major-mergers-of-eu-steel-industry-and-6151606.html), 2017-06-18: "The Special Commission, authorized by the Italian Ministry of Economic Development, will hold exclusive negotiations with the latter."

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