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ArcelorMittal Drops Takeover of Italy JV After Government Ruling

1 source ·1 article ·1h ago

ArcelorMittal SA dropped its planned takeover of a joint venture with struggling carpart manufacturer CLN-Coils Lamiere Nastri SpA after the Italian government imposed restrictions, paving the way for a domestic rival to take control.

Covered by 1 outlet

Bloomberg 1

All coverage · 1 article

Bloomberg Markets ·1h ago

ArcelorMittal Drops Takeover of Italy JV After Government Ruling

ArcelorMittal SA dropped its planned takeover of a joint venture with struggling carpart manufacturer CLN-Coils Lamiere Nastri SpA after the Italian government imposed restrictions, paving the way for a domestic rival to take control.