Invitalia to take joint control of ArcelorMittal's ILVA steel plant

Italian state-owned Invitalia reached a deal with ArcelorMittal to pay 400 million euros for joint control of AM Investco, which operates the ILVA steel plant. Invitalia may invest up to 680 million euros by May 2022 to raise its stake to 60%.

“State-owned Invitalia has reached a deal with ArcelorMittal that will pave the way for the Italian government to become the main shareholder of troubled steel plant ILVA.”reuters.com

• 1 source
• reuters.comState-owned Invitalia inks deal with ArcelorMittal to take control of ILVADec 11, 2020

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