ArcelorMittal & Ilva Steel Assets to Operate as Separate Entities
separate entities. As per reports, ArcelorMittal Italia’s commercial activity will be separated from ArcelorMittal and responsibilities have been passed to the ArcelorMittal Italia local team and Mr Alessandro Faroni is Appointed Chief Marketing Officer of Ilva to replace Mr Carlo Malasomma.
This news comes as a deadline for an investment agreement for Ilva expires at the end of the month. After this deadline, ArcelorMittal has a right to withdraw from a lease and purchase agreement subject to payment of a EUR 350 million withdrawal fee.