ROME (Reuters) - Nationalizing the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a “market solution” if ArcelorMittal pulls out of a contract to take over the site, Italy’s Deputy Economy Minister Antonio Misiani said on Tuesday.
ArcelorMittal said last week it was withdrawing from a 2018 deal to acquire Ilva’s site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area.
“Nationalization would create problems with the European Commission...we have to look for a market solution”, Misiani said in a radio interview with RAI.
Reporting by Francesca Piscioneri, editing by James Mackenzie
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