- ArcelorMittal (MT) fell more than 5% today after reports said it among groups considering buying Italian steelmaker Ilva, depending on the cost of an environmental cleanup plan ordered by the government.
- Any eventual offer could be hindered by the cost of the plan ordered by the government to reduce pollution levels around the Taranto plant, estimated to reach ~€3B ($4B).
- Some analysts are skeptical that MT shareholders would back further investments following a recent purchase of a ThyssenKrupp steel plant in the U.S.
ArcelorMittal considers buying Italian steelmaker Ilva
Feb 10 2014, 17:24 ET