ArcelorMittal wants Ilva to change contract


(MENAFN) Steelmaker ArcelorMittal has told commissioners in charge of Italy's Ilva plant that it wants changes made to the contract in which it agreed to buy the company to protect it from legal challenges in the country.

ArcelorMittal has reached a 2.1b USD agreement to buy Ilva, but the deal has been halted over legal challenges and an EU anti-trust investigation.

The commissioners in charge of Ilva have written to Italy's industry ministry, saying ArcelorMittal wants the purchase contract changed to safeguard it in case the legal challenges are successful.

The letter mentioned: "we are assessing, with our consultants, whether these requests are compatible with the rules in force," and that they won't take any measures without informing the government.

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