Cleary Gottlieb is advising the leading steelmaking group ArcelorMittal in the joint bid with Marcegaglia S.p.A. for the acquisition of the assets owned by the Italian steelmaking group Ilva S.p.A., which include the largest steelmaking plant in Europe, located in Taranto.

Presented on Thursday 30 June, the bid falls into Ilva’s extraordinary administration proceeding. Cleary Gottlieb is assisting ArcelorMittal in collaboration with Italian law firm Gianni, Origoni, Grippo, Cappelli & Partners.

The team comprises partners Giuseppe Scassellati Sforzolini and Roberto Bonsignore, counsel Claudio Di Falco and associates Francesco Iodice, Andrea Cazzani and Luca Sportelli.