Michael Flacks
British investor and businessman. The founder, chairman and CEO of Flacks Group
Photo: Irina Chaban, CC BY 4.0 (Wikimedia Commons, cropped)
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- 1h ago
Arvedi and Jindal submit two bids for ex Ilva as Federacciai and Flacks stay out
Jindal and Arvedi submitted the two offers for the ex Ilva assets by the midnight deadline on Sunday, 8 November, after Federacciai and Flacks Group stayed out. The bids now go to the commissioners while the Taranto hot area remains shut and talks on wage support are unresolved.
- 6d ago
Ex Ilva blast furnaces begin shutting down in Taranto as bids and Genoa supply pledges remain unresolved
Blast furnace shutdown began at Taranto on Tuesday, 3 November, after the Court of Cassation rejected appeals against closing the hot area. Binding bids are due 8 November.