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ArcelorMittal completes transaction to acquire Ilva S.p.A.

Share Source By

Dion Global

01 Nov 2018

ArcelorMittal announced that AM Investco Italy Srl’s transaction to acquire Ilva S.p.A. (‘Ilva’) has completed today.

ArcelorMittal is the principal partner in AM Investco with a 94.4 per cent equity stake in the consortium, with Banca Intesa Sanpaolo holding 5.6 per cent. AM Investco’s lease and purchase agreement is effective from today (1 November 2018).

Following completion of the transaction, ArcelorMittal has now assumed full management control of Ilva, which will form a new business cluster within ArcelorMittal Europe - Flat Products and be known as ArcelorMittal Italia.