Ilva extends deadline for binding offers

Thursday, 28 April 2016 12:18:24 (GMT+3)   |   Istanbul
       

Taranto-based Italian steelmaker Ilva has extended the deadline for binding offers for the acquisition of the whole steelmaking group to June 30, according to Reuters.
 
Reuters quoted some sources familiar with the matter as saying that there are currently two possible buyers for Ilva, namely the Turkish integrated steelmaker Erdemir Group and Italy-based steel producer Arvedi.
 
Erdemir Group was among 25 companies who in February were admitted to the second phase of the due diligence process for the Ilva Group acquisition. 
 


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