ArcelorMittal and Ilva Commissioners Reach Agreement

ArcelorMittal and the Ilva smelter commissioners are set to sign an agreement on Wednesday, ending a four-month dispute over the future of the plant in southern Italy. ArcelorMittal lawyer Ferdinando Emanuele and Ilva ombudsman lawyer Enrico Castellani told the agency that the agreement will be signed on Wednesday and that both sides will ask the Milan court to quash both lawsuits.

Castellani said both sides will file their requests electronically, asking the court to cancel the upcoming hearing on March 6. Lawyers said the details of the deal were confidential.

ArcelorMittal'had tried to get away from a 2018 deal to buy Ilva after parliament waived legal immunity from environmental risk prosecution while cleaning up a highly polluting factory. ArcelorMittal's decision to leave was a blow to the coalition government, with Industry Minister Stefano Patuanelli said the steel giant used the legal issue to avoid a potentially losing deal.