By Clara Denina and Maytaal Angel
LONDON (Reuters) – Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said.
The mill is owned by Algeria’s Cevital Group, which has approached British financier Sanjeev Gupta, Liberty’s executive chairman, after failing to secure enough financing to upgrade the complex on Italy’s west coast, one of the sources told Reuters.
Cevital is looking to form a partnership with Liberty to run the plant, but discussions are at a very early stage and the exact terms of any deal are still unclear, the source added.
A spokesman for …
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