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ArcelorMittal reaches deal with unions of Italy's ILVA steel maker

Staff Writer |
ArcelorMittal announces that it has reached a provisional labour agreement with Ilva’s trade unions. The agreement is an important milestone in AM Investco Italy Srl (AM Investco)’s proposed acquisition of Ilva S.p.A (Ilva).

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The agreement will now be voted on by Ilva’s employees before being formally ratified.

Legal completion of the transaction and formal commencement of AM Investco’s lease and purchase agreement for Ilva is now expected on 1 November 2018.

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