Announced

Baku Steel, AIC and Jindal Steel to acquire Ilva from Acciaierie d'Italia.

Synopsis

Baku Steel, an Azerbaijani steel production enterprise, AIC, a company investing into non-oil sector of Azerbaijan Republic, and Jindal Steel, sponge iron, mild steel, and cement manufacturer, agreed to acquire Ilva from Acciaierie d'Italia. Financial terms were not disclosed.

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