Entering text into the input field will update the search result below

Ilva tender irregular but Arcelor contract still valid, Italian minister says

Aug. 23, 2018 11:57 AM ETArcelorMittal S.A. (MT) StockMTBy: Carl Surran, SA News Editor
  • Italian Industry Minister Di Maio says the tender to sell the Ilva steel plant to ArcelorMittal (MT -1.8%) was illegitimate but it was not the company's fault and the Ilva sale might still go ahead, clarifying an earlier report.
  • Di Maio says MT was awarded the tender without rival companies being allowed to improve the terms of their initial bids, citing an opinion by state lawyers.
  • The minister says the previous government was to blame for the “illegitimate” tender, not MT, which had “always acted in good faith,” and he confirms a Sept. 15 deadline to complete the sale remains in place.

Recommended For You

More Trending News

About MT Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
MT--
ArcelorMittal S.A.