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04 Jun
12:37

Acciaitalia makes last-gasp revised bid for Ilva: reports

The saga surrounding Italian steelmaker Ilva rumbles on. Media reports over the week-end suggest that the Acciaitalia consortium led by India’s JSW Steel, has upped its bid, just ahead of the anticipated Italian government acceptance of the rival offer from AM Investco. The Italian government has been widely expected to approve the AM Investco bid today, 5 June. The consortium, composed of ArcelorMittal and Italy’s Marcegaglia, had offered around &eu…
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