State-owned Invitalia inks deal with ArcelorMittal to take control of ILVA ...Middle East

State-owned Invitalia has reached a deal with ArcelorMittal that will pave the way for the Italian government to become the main shareholder of troubled steel plant ILVA, the two companies said in separate statements late on Thursday. Under the deal Invitalia, which is wholly owned by Italy's Treasury, will pay 400 million euros ($486.20 million) for joint control of ArcelorMittal vehicle AM Investco.

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