ArcelorMittal Objects to Italy's Move to Put Plant Under Administration, Bloomberg Reports
--ArcelorMittal protested an Italian government decision to place the country's biggest steel plant, Acciaierie d'Italia, under special administration, Bloomberg reports, citing a letter sent by the Luxembourg-based company.
--The steel maker, which owns 62% of the Italian business formerly known as Ilva with state investment unit Invitalia owning the remaining stake, said it wasn't informed of the decision, according to Bloomberg.
--ArcelorMittal declined to comment when contacted by Dow Jones Newswires. Acciaierie d'Italia and Invitalia didn't respond to requests for comment.
Full story: http://tinyurl.com/4zfnhmb9
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
February 19, 2024 08:43 ET (13:43 GMT)
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