NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Italian minister Di Maio says Arcelor, Atlantia are 'blackmailing government

Published 28/06/2019, 11:06
Italian minister Di Maio says Arcelor, Atlantia are 'blackmailing government
MT
-
ATL
-
META
-

MILAN (Reuters) - Italian Industry Minister Luigi Di Maio accused two big direct investors in the country, Indian steelmaker Arcelor Mittal (AS:MT) and local transport group Atlantia (MI:ATL), of trying to blackmail the government in separate disputes with Rome.

He made the comments on Friday after another minister, Matteo Salvini, lent some support to Atlantia in contrast to promises by Di Maio this week to revoke the group's motorway concession over a deadly bridge collapse in Genoa last year.

"If somebody wants to side with Atlantia or with Arcelor Mittal which are ... blackmailing the state and asking for legal immunity when (in the case of Arcelor) they are threatening to close the (steel) plant, I stand with the workers and we will never side with multinationals that blackmail the state," Di Maio said in a video posted on his Facebook (NASDAQ:FB) account.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.