Brazilian steelmaker CSN and Luxembourg-based ArcelorMittal (Arcelor) are reportedly among the nine companies qualified for the second phase of the bidding process to acquire troubled Italian steelmaker – including stainless steel – Ilva Steel (Ilva).
CSN and ArcelorMittal will be allowed to carry out due diligence at Ilva, together with other selected companies. A binding offer must follow, sources familiar with the matter were quoted by Reuters as saying.
Other companies reportedly qualifying for the second phase to buy Ilva’s assets are US-based ERP Compliant Fuels, Italy’s state holding company Cassa Depositi e Prestiti, Italian companies Marcegaglia, Eusider and Amenduni, Switzerland’s Trasteel and Germany’s Arvedi, according to reports.