The Arcelor Mittal-Marcegaglia
consortium has beaten competitors to land troubled Italian steel
group ILVA, sources said Friday.
The ranking of the bids will be issued shortly, with Arcelor
Mittal-Marcegaglia at the top, they said.
Key elements in the successful bid are the price, which is
reportedly just under two billion euros, the environmental
impact of the takeover plan, and the business plan itself.
Arcelor Mittal is an Anglo-Indian steel giant while the
Marcegaglia steel group is owned by the Italian family of the
same name.
ILVA was put up for sale after the court-ordered seizure of
assets at its highly polluting Taranto plant, which is being
cleaned up and turned around.
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