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Nationalizing Ilva Would Cause Trouble with EU – Mr Misiani

Steel News - Published on Wed, 13 Nov 2019

Image Source: Reuters
Italy’s Deputy Economy Minister Mr Antonio Misiani said that nationalizing the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a market solution if ArcelorMittal pulls out of a contract to take over the site. Mr Misiani said in a radio interview with RAI “Nationalization would create problems with the European Commission...we have to look for a market solution.”

ArcelorMittal said last week it was withdrawing from a 2018 deal to acquire Ilva’s site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area.

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Posted By : Amom Remju on Wed, 13 Nov 2019
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