Steel giant ArcelorMittal said on Wednesday it remained "hopeful" that it could soon complete its planned takeover of steelmaker Ilva, despite the new Italian government`s concerns over the deal.
"We remain hopeful that we will be able to complete the transaction soon," the Luxembourg-based company said in a statement issued shortly after meeting Italy`s deputy prime minister Luigi Di Maio in Rome.
ArcelorMittal said it had participated "in good faith" in the tender for the purchase of Ilva, which owns Europe`s largest steel plant. Di Maio on Tuesday began procedures that could lead to the annulment of the tender on legal grounds.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
09:30 PM IST