ArcelorMittal seeks legal shield in Ilva deal

ArcelorMittal, the world's top steelmaker, reached a €1.8-billion ($2.1-billion) deal to buy Ilva in June

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A red-hot steel plate passes through a press at the ArcelorMittal steel plant in Ghent, Belgium

Massimiliano Di Giorgio & Gavin Jones | Reuters Rome

Last Updated : Dec 25 2017 | 1:56 AM IST

Steelmaker ArcelorMittal has told commissioners running Italy’s Ilva plant that it wants changes made to the contract in which it agreed to buy the company in order to protect it from legal challenges in Italy.

ArcelorMittal, the world’s top steelmaker, reached a €1.8-billion ($2.1-billion) deal to buy Ilva in June but the purchase has since stalled due to legal challenges and an EU antitrust investigation.

In the latest twist, the commissioners in charge of Ilva have written to Italy’s industry ministry saying ArcelorMittal has told them it now wants the purchase contract changed to safeguard it in case the legal challenges are

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