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ArcelorMittal Drops Takeover of Italy JV After Government Ruling

ArcelorMittal SA dropped its planned takeover of a joint venture with struggling carpart manufacturer CLN-Coils Lamiere Nastri SpA after the Italian government imposed restrictions, paving the way for a domestic rival to take control.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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