JSW says its offer for Italian steelmaker Lucchini is below $100 …

MUMBAI/LONDON (Reuters) – India’s JSW Steel has offered less than $100 million for troubled Italian steelmaker Lucchini’s core assets in Piombino and will not take on any of the company’s debt, JSW chairman Sajjan Jindal said on Monday. The comments were Jindal’s first since Lucchini, Italy’s second-largest steelmaker by capacity, announced late last week that it was considering a binding offer …
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