A.Mittal says wants to pull out of ILVA

(ANSA) - Rome, November 4 - AM InvestCo Italy, parent of the ArcelorMittal steel group, on Monday notified ILVA's extraordinary commissioners of its desire "to rescind an accord to lease with acquisition the assets of the Italian steel group and some units acquired according to a deal sealed on October 31," according to a statement from the multinational.
    The Franco-Spanish-Indian group, the world's biggest steel producer, said it had "asked the extraordinary commissioners to take on the responsibility of the assets of ILVA and its employees within 30 days from the reception of the communication" of ArcelorMittal's desire to leave ILVA and its troubled plant at Taranto, the largest in Europe. Earlier this month the government's save-business decree removed a so-called "penal shield" protecting ILVA.
    The Taranto plant, whose pollution had been linked to high local cancer rates, was being cleaned up and turned around with government help.
    But the lifting of the shield put that operation wat risk.
    Reacting to ArcelorMittal's statement, the FIM CISL union said Monday that this had been "a masterpiece of incompetence and political cowardice.
    "Not defusing an environmental bomb, but rather combining it with a social bomb is due to the mess made with the save-buiness decree," said FIM CISL secretary Marco Bentivogli,