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Italian Government Will Fight ArcelorMittal Exit from ILVA

Steel News - Published on Fri, 15 Nov 2019

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ANSA reported that Foreign Minister Mr Luigi Di Maio said the government will oppose the suit filed by ArcelorMittal to get out of their contract to take over the former ILVA steel works, including its Taranto plant, the biggest in Europe. Mr Di Maio told Radio24 that "We will oppose the request presented by ArcelorMittal to rescind the contract. The contract must be respected.”

The former ILVA group's three extraordinary commissioners are expected to file an appeal by Friday stating that the juridical conditions do not exist for the Franco-Indian steel giant, the world's largest, to pull out of the takeover deal.

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Posted By : Rabi Wangkhem on Fri, 15 Nov 2019
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