A consortium led by India’s JSW Steel raised its bid for Italy’s troubled Ilva steel plant, a statement said on Saturday, in a challenge to a group that was declared the winner of the tender process last month, but whose offer faces labour union opposition.
JSW, leading a consortium called AcciaItalia, said it would put up 1.85 billion euros ($2.09 billion), which is broadly in line with the winning bid, and added it would “immediately” hire 9,800 employees. It had originally offered about 1.2 billion euros. Read more
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