Flacks Ready to Buy Ilva, Seeks at Least €1 Billion in State Support
Flacks Group chairman Michael Flacks said he is ready to take over Italy’s former Ilva steelworks, but wants the government to commit at least €1 billion in financial support.
By Giselda VagnoniMichael Flacks, chairman of US-based industrial turnaround investor Flacks Group, said he was ready to take over Italy's troubled former Ilva steelworks but wanted the government to commit at least €1 billion ($1.1 billion) in financial support."Nobody can buy Ilva without state h…