Indian steel Co. Jindal Steel plans to invest 4 billion euros to acquire an Italian steel Co.

Recently, Jindal Steel, an Indian steel company, announced that it has doubled its bid for the acquisition of Ilva S.p.A., an Italian steel company, reaching approximately 4 billion euros (about 4.361 billion US dollars), higher than the bids of its competitors.

Jindal's acquisition proposal includes paying 1 billion euros (about 1.09 billion US dollars) for the assets of the Italian steel company and investing about 3 billion euros (about 3.271 billion US dollars) to upgrade and transform the Taranto plant of the company into a green one.

Posted : 18.04.2025 | 0 views

Collection : Steel