Swiss-based commodity investment firm Klesch Group’s anticipated offer for the takeover of Italian steelmaker Lucchini may amount to €200 million, as reported by the Italian business newspaper Milano Finanza. The amount would allow the debt-stricken company to restructure its finances and creditor banks could be partially refunded.
In the coming days, Klesch is expected to complete due diligence and send a file to international advisory group financial Rothschild, which is the advisor nominated by the creditors, making a concrete takeover offer. The deal would put an end to the delicate sale process which is essential for the Italian company and for its Piombino-based blast furnace.