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Invitalia invests €400M in AM InvestCo Italy, creating Acciaierie d'Italia · Endata

◂ Announcements

Apr 14, 2021INVESTMENTTaranto, Italy

Invitalia invests €400M in AM InvestCo Italy, creating Acciaierie d'Italia

Invitalia announced a €400 million investment in AM InvestCo Italy, the subsidiary of ArcelorMittal that controls the Taranto steel plant. This gives Invitalia a 38% stake and joint control, and the company will be renamed Acciaierie d'Italia holding. The state will increase its stake to 60% by May 2022.

Value

$480.0M (400.0M EUR)

Status

Announced

Productssteel

CompaniesArcelorMittal target Invitalia investor AM InvestCo Italy target

Sectors#Steel and Metal Products

“Invitalia ha annunciato l'ingresso nel capitale sociale di AM InvestCo Italy: nascono le Acciaierie d'Italia.”editorialedomani.it

1 source
editorialedomani.itNasce l’Ilva di stato, Mittal si prepara alla fugaGiovanna FaggionatoApr 14, 2021

Summarized from public sources; check the original articles before acting on it.

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