Ilva

ArcelorMittal signs investment agreement with Invitalia

Retrieved on: 
Thursday, December 10, 2020
Companies, ArcelorMittal, CAC 40, IBEX 35, Ilva, Steelmaking, Essar Group, Economies

ArcelorMittal announces that it has signed a binding agreement (the Investment Agreement) with Invitalia, an Italian state-owned company, forming a public-private partnership between the parties.

Key Points: 
  • ArcelorMittal announces that it has signed a binding agreement (the Investment Agreement) with Invitalia, an Italian state-owned company, forming a public-private partnership between the parties.
  • The Investment Agreement will result in a recapitalization of AM InvestCo, ArcelorMittals subsidiary which signed the lease and obligation to purchase agreement for Ilvas business.
  • ArcelorMittal will also invest up to 70 million, to the extent necessary to retain a 40% shareholding and joint control over the company.
  • The updated industrial plan agreed between AM InvestCo and Invitalia involves investment in lower-carbon steelmaking technologies, including the construction of a 2.5 million tonne Electric Arc Furnace.

AM InvestCo signs amendment agreement with Ilva Commissioners

Retrieved on: 
Wednesday, March 4, 2020
Companies, Ilva, ArcelorMittal

ArcelorMittal announces that AM InvestCo and the Ilva Commissioners have today signed an amendment (the Amendment Agreement) to the original lease and purchase agreement for Ilva.

Key Points: 
  • ArcelorMittal announces that AM InvestCo and the Ilva Commissioners have today signed an amendment (the Amendment Agreement) to the original lease and purchase agreement for Ilva.
  • The Amendment Agreement outlines the terms for a significant investment by Italian state-sponsored entities into AM InvestCo, thereby forming the basis for an important new partnership between ArcelorMittal and the Italian government.
  • The Amendment Agreement is structured around a new industrial plan for Ilva, which involves investment in lower-carbon steelmaking technologies.
  • In addition, AM InvestCo and the Ilva Commissioners have entered into a separate settlement agreement whereby AM InvestCo agreed to revoke its notice to withdraw from the original agreement and the Ilva Commissioners agreed to withdraw their request for an injunction, which was scheduled to be heard in the Civil Court of Milan on 6 March 2020.

AM InvestCo Italy sends withdrawal and termination notice from the lease and purchase agreement for Ilva business

Retrieved on: 
Monday, November 4, 2019
Contract law, Legal documents, Law, Private law, Economy, Landlord–tenant law, Lease, Leasing, Property law, Ilva, Ilva, Contractual term

Today, AM InvestCo Italy (the Company) sent to Ilvas Commissioners a notice to withdraw from, or terminate, the agreement (the Agreement) for the lease and subsequent conditional purchase of the business of Ilva S.p.A. and certain of its subsidiaries (Ilva), closed on 31 October 2018.

Key Points: 
  • Today, AM InvestCo Italy (the Company) sent to Ilvas Commissioners a notice to withdraw from, or terminate, the agreement (the Agreement) for the lease and subsequent conditional purchase of the business of Ilva S.p.A. and certain of its subsidiaries (Ilva), closed on 31 October 2018.
  • Such prescriptions should also reasonably and prudentially be applied to the other two blast furnaces at the Taranto plant.
  • The shutdown would make it impossible for the Company to implement its industrial plan, operate the Taranto plant and, generally, perform the Agreement.
  • All the mentioned circumstances also entitle the Company to terminate the Agreement under the applicable provisions and principles of the Italian Civil Code.

Global Pipes & Pipe/Hose Fittings Markets to 2024 with Profiles on 467 Market Players

Retrieved on: 
Wednesday, May 29, 2019
Uponor, Pipe, Ilva, TMK, Companies, Spacecraft, OAO TMK

AM Investco Italy Acquires Ilva S.p.A.

Key Points: 
  • AM Investco Italy Acquires Ilva S.p.A.
    Wynnchurch Capital Acquires Select Assets of Uponor Infra and Rebrands the Business as Infra Pipe Solutions Ltd.
    Hillcore Group Acquires Controlling Stake in Panels and Pipes, Inc.
    American SpiralWeld Pipe Co. to Build New Spiral-Weld Facility in Paris, Texas
    TMK Commissions External Coating Plant at TMK IPSCO in Wilder, Kentucky

The Global Market for Pipes & Pipe/Hose Fittings, 2019 to 2024 - Vendors Prioritize M&A to Gain a Competitive Edge - ResearchAndMarkets.com

Retrieved on: 
Monday, May 27, 2019
Manufacturing, Chemicals, Plastics, Steel, Uponor, Pipe, Ilva, TMK, Companies, Spacecraft, OAO TMK

AM Investco Italy Acquires Ilva S.p.A.

Key Points: 
  • AM Investco Italy Acquires Ilva S.p.A.
    Wynnchurch Capital Acquires Select Assets of Uponor Infra and Rebrands the Business as Infra Pipe Solutions Ltd.
    Hillcore Group Acquires Controlling Stake in Panels and Pipes, Inc.
    American SpiralWeld Pipe Co. to Build New Spiral-Weld Facility in Paris, Texas
    TMK Commissions External Coating Plant at TMK IPSCO in Wilder, Kentucky