US EditionFlacks Buys Ex ILVA Steel Group
7 Articles
7 Articles
Michael Flacks announces on Linkedin the will to take over the steel pole holding the State at 40%. We talk about investments for 5 billion and guarantees for 8500 workers. However, the Procura of Taranto still keeps off the blast furnace 1, blocked since early May.Michael Flacks announces the agreement, but the agreement is not there. At least not yet. The American billionaire, head of the fund Flacks Group based in Miami, wrote yesterday on Li…
Flacks buys ex ILVA steel group
US based and British founded private investment group Flacks said Tuesday it had reached a deal with the Italian government to buy the long-troubled, lossmaking and polluting former ILVA steel group whose huge main works at Taranto in Puglia has been linke... (ANSA)
The green light to the exclusive negotiation in Flacks for the former Ilva. Sources close to the dossier explain that the commissioners of Acciaierie d'Italia and Ilva in extraordinary administration have obtained from the respective monitoring committees l'ok to proceed with the exclusive negotiation with the US group. In the comparison will be deepened crucial issues like the participation of the State, the grounding of the investments and the…
The monitoring committees gave the green light to the exclusive negotiation with the US fund. Doubts and caution from the unions
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