29 Sep 2025 | 5 Mins Read
Jindal Steel drops Ilva acquisition bid
Flipitmoney
Italy received 10 bids for the former Ilva steel plant, with only two groups interested in purchasing all assets: Bedrock Industries and a US-private equity firm-led consortium. Baku Steel and Jindal Steel withdrew, citing local opposition and shifting focus to another project. Acciaierie d'Italia will examine the offers, prioritizing employment, decarbonisation, and investment.