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Jindal said to raise bid for Italian steelmaker
Mint Mumbai
|February 28, 2025
Jindal Steel raised its offer for a troubled Italian steelmaker to about €4 billion ($4.2 billion), seeking to outbid rivals from Azerbaijan, people familiar with the matter said.
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The Indian steelmaker's latest proposal to the Italian government consists of a payment of about €1 billion for the assets, plus around €3 billion of investments to revamp the main steel plant in Taranto, the people said, asking not to be identified as the discussions are private.
This story is from the February 28, 2025 edition of Mint Mumbai.
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