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Italy Sounds Out Ukrainian, Indian Investors to Rescue Steel Plant

(Bloomberg) — Giorgia Meloni’s government is in preliminary talks with domestic, Ukrainian and Indian investors for a potential bid to rescue Italy’s biggest steelmaker.

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Rome is testing the feasibility of a consortium after it moved to place the Acciaierie d’Italia SpA works under special administration, according to people familiar with the issue. The plan is only one of the options that the government is discussing and is at a very early stage, said the people who asked not to be named on a confidential matter.