Insiders

Italy's Marcegaglia to bid for Ilva steel plant with Arcelor Mittal

May 09, 2016 at 02:38 pm EDT

MILAN (Reuters) - Italian steel group Marcegaglia is working on an offer for Italy's Ilva steel plant along with the world's number one steel producer Arcelor Mittal, Marcegaglia's chief executive said on Monday.

"We are with Arcelor Mittal, which is the best partner for a complicated turnaround like Ilva," Emma Marcegaglia said on the sidelines of an event in Milan.

She said the offer would be made before the end of May, adding the bidders had asked Italian state lender Cassa Depositi e Prestiti to join in.

A spokesman for Arcelor Mittal declined to comment.

Last year, the Italian state took over administration of loss-making Ilva.

(Reporting by Gianluca Semeraro, additional reporting by Steve Scherer, writing by Isla Binnie)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ENI S.P.A	15.25 EUR	+0.12%	-0.50%	52.01B

Emma Marcegaglia

Emma Marcegaglia is a businessperson who has been the head of 25 different companies. Currently, Ms. Marcegaglia is Chairman & Co-Chief Executive Officer at Marfin Srl, Chairman at M.I.T.A. Resort SRL, Chairman of Marcegaglia Ireland Ltd., Vice Chairman & Co-Chief Executive Officer at Marcegaglia SpA and Chief Executive Officer at Marcegaglia China Co. Ltd. (which are all subsidiaries of Marfin Srl), Chairman & Chief Executive Officer of Finmar SRL, Chairman for Immobiliare e Turismo SRL, Chairman of MM Gulf Srl, Chairman & Co-Chief Executive Officer at Marcegaglia Holding SpA, Vice Chairman & Co-Chief Executive Officer at Marcegaglia Plates SpA (a subsidiary of Marcegaglia Holding SpA), Co-Chief Executive Officer of SIPAC Holding SA, Chief Executive Officer of Albarella Srl, Chief Executive Officer at Pugnochiuso Gruppo Marcegaglia Srl (a subsidiary of Albarella Srl), Chief Executive Officer of I.M.A.T. SpA and Chief Executive Officer of Gaia Turismo SRL. Emma Marcegaglia is also Chairman at Fondazione Eni Enrico Mattei and on the board of 13 other companies. In the past Ms. Marcegaglia occupied the position of Chairman for Eni SpA, President at Businesseurope, President at Young Entrepreneurs of Confindustria, Chairman & Chief Executive Officer of Marcegaglia Investments SRL, Member-Management Board at Banco Popolare Società Cooperativa SCRL, Chief Executive Officer-Delegate at Marcegaglia Carbon Steel SpA, Chairman of The LUISS University of Rome, Chairman of Fondazione Aretè Onlus del San Raffaele, President of The LUISS University of Rome, President for Confindustria and President at European Confederation of Young Entrepreneurs. Ms. Marcegaglia received an undergraduate degree from the University of Bocconi and an MBA from New York University.

View full profile

Linked companies
Marcegaglia SpA Marcegaglia SpA SteelNon-Energy Minerals Marcegaglia SpA engages in the steel production and distribution. Its products include cold drawin bars, tubes, stainless steel, and plate steel. The company was founded by Steno Marcegaglia in 1959 and is headquartered Gazoldo Ippoliti, Italy.	Chief Executive Officer
Marfin Srl Marfin Srl Industrial MachineryProducer Manufacturing Marfin Srl engages in the manufacture of packaging machinery. Its products include strapping machines, thermo shrinking ovens, hooding machines, and spare parts. The company is headquartered in Maranello, Italy.	Chief Executive Officer