# ArcelorMittal completes acquisition of Ilva S.p.A.

ArcelorMittal completed the acquisition of Ilva S.p.A., Europe's single-largest steelmaking site, through its consortium AM Investco Italy Srl. The transaction is effective from November 1, 2018, and includes a €1.15 billion environmental investment program. Ilva will be renamed ArcelorMittal Italia.

- Type: Acquisition
- Announced: 2018-11-01
- Where: Italy
- Value: $1.31B (1.15B EUR)
- Status: completed
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Ilva](https://endata.com/companies/24770.md) (target)
- [Banca Intesa Sanpaolo](https://endata.com/companies/35265.md) (partner)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/11/01/1640768/0/en/ArcelorMittal-completes-transaction-to-acquire-Ilva-S-p-A-and-launches-ArcelorMittal-Italia.html), 2018-11-01: "Closing the acquisition of Ilva is an important strategic step for ArcelorMittal."

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