Ilva tender may be illegitimate, Italian minister says, citing state lawyer [Seeking Alpha]
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Source: Seeking Alpha
Italy's Industry Minister says the tender to sell the ailing Ilva steel plant to ArcelorMittal (NYSE: MT ) may have been illegitimate , citing an opinion by the state lawyers. The minister says the lawyers had confirmed the problems posed by Italy’s anti-corruption authority ANAC and raised “new fundamental elements that lead to the suspicion that the [tender] was illegitimate.” MT won a tender to buy Ilva in 2017 and had been due to take over the plant last month, but Italy’s new government has delayed the process, putting the sale on hold until Sept. 15. Click to subscribe to real-time analytics on MT Now read: An Update On Orocobre » Subscribe for full text news in your inbox
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News
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- U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A. (NYSE: MT) had its "hold" rating re-affirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $31.00 price target on the stock, down previously from $34.00.MarketBeat
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Yahoo! Finance]Yahoo! Finance
MT
Earnings
- 2/8/24 - Beat
MT
Sec Filings
- 4/23/24 - Form 6-K
- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- MT's page on the SEC website