Nippon Steel may be interested in buying the ailing Italian steel mill formerly known as Ilva, Il Sole 24 Ore reported Saturday. The company did not say where it got the information.
Representatives of the Italian government and the Japanese embassy discussed the possible offer last week, during the Ambrosetti Forum in Cernobbio, the newspaper reported.
Bloomberg reported in July that there was interest in Italy from six different companies wanting to invest in the plant in the southern city of Taranto.
Prime Minister Giorgia Meloni’s government has been trying for months to find ways to save Acciaierie d’Italia, formerly known as Ilva, as the region struggles with high energy costs and weak demand.
Italy’s cabinet this spring approved a €150 million ($166 million) financial package for the country’s largest steel mill, after the ailing company was placed under state supervision earlier this year.
