# 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.

- Type: Investment
- Announced: 2021-04-14
- Where: Taranto, Italy
- Value: $480.0M (400.0M EUR)
- 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) (target)
- [Invitalia](https://endata.com/companies/31514.md) (investor)
- [AM InvestCo Italy](https://endata.com/companies/54460.md) (target)

## Sources

- [editorialedomani.it](https://www.editorialedomani.it/economia/nasce-lilva-di-stato-e-mittal-si-prepara-alla-fuga-ut8prvi0), 2021-04-14: "Invitalia ha annunciato l'ingresso nel capitale sociale di AM InvestCo Italy: nascono le Acciaierie d'Italia."

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