ArcelorMittal's withdrawal from Ilva deal over legal shield is an alibi: minister

Reuters Finance 1 month ago

ROME (Reuters) - Italy’s industry minister called the decision by AcelorMittal to withdraw from a deal to buy Italian steelmaker Ilva on the grounds Rome had lifted immunity from prosecution over pollution issues “an alibi”.

Speaking to reporters Stefano Patuanelli said the government would not allow the closure of Ilva.

“The legal shield is clearly an alibi because it has nothing to do with the production process,” he said.


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The New York Times › Finance › 1 month ago
Italy's industry minister called the decision by AcelorMittal to withdraw from a deal to buy Italian steelmaker Ilva on the grounds Rome had lifted immunity from prosecution over pollution issues "an alibi".
One America News Network › Finance › 1 month ago
By Giuseppe Fonte ROME (Reuters) - Italy's ruling coalition has decided to scrap a legal guarantee it had previously granted to steelmaker ArcelorMittal over its Ilva plant, a senior
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Reuters › 1 month ago
ArcelorMittal said on Monday it was withdrawing from a deal to buy Italy's struggling steel firm Ilva after the government removed previously agreed guarantees of legal immunity over its operations.
The New York Times › Finance › 1 month ago
ArcelorMittal said on Monday it was withdrawing from a deal to buy Italy's struggling steel firm Ilva after the government removed previously agreed guarantees of legal immunity over its operations.
The New York Times › Finance › 2 weeks ago
A lawyer representing ArcelorMittal said on Wednesday the company hoped it could reach a deal with the Italian government over the Ilva plant, after the steelmaker tried to walk away from a 2018 deal to buy the site.
One America News Network › Finance › 1 month ago
ROME (Reuters) - Italian Industry Minister Stefano Patuanelli said on Tuesday he would meet managers from ArcelorMittal over its struggling Ilva plant in the southern city of Taranto, amid political
The New York Times › Finance › 3 weeks ago
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Reuters › Finance › 1 month ago
Steelmaker ArcelorMittal will not reverse its decision to withdraw from a deal to buy Italian steelmaker Ilva regardless of government efforts to salvage the accord, a source close to the matter said on Tuesday.
The New York Times › Finance › 1 month ago
Steelmaker ArcelorMittal will not reverse its decision to withdraw from a deal to buy Italian steelmaker Ilva regardless of government efforts to salvage the accord, a source close to the matter said on Tuesday.
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