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ArcelorMittal consortium submits top bid for Italian steel plant

By: Reuters     20th March 2017 ArcelorMittal, the world's top steelmaker, and Italian processor Marcegaglia have offered €1.6-billion ($1.72-billion) to buy Italy's troubled Ilva steel plant, outbidding a rival consortium, three sources said on Friday. The rival group that includes India's JSW Steel bid €1.2-billion for the... 

Two investor groups vie to buy Italy's Ilva steel plant

By: Reuters     7th March 2017 Italy's Ilva steel group has received bids from two consortiums for its loss-making plant in southern Italy, it said on Monday, two years after the state took it over to save thousands of jobs and clean up the polluted site. The first bid came from ArcelorMittal, the world's largest steelmaker,... 

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