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The Indian Jsw close to buying Lucchini

The Indian billionaire's JSW group will pay a "symbolic sum" to then commit to the relaunch of the company (passed to the bankruptcy court after the 2012 crash), in what "would be his first move to enter Europe".

The Indian Jsw close to buying Lucchini

The tycoon Sajjan Jindal is close to buying the group Lucchini, “signaling a renewed international interest in the resurgent European steel market”. The Financial Times wrote it on the front page, specifying that the group jsw of the Indian billionaire will pay a "symbolic sum" to then commit to the relaunch of the company (passed to the bankruptcy court after the crash of 2012), in what "would be his first move to enter Europe". 

According to a source interviewed by the British newspaper, "JSW will buy Lucchini, but there won't be a big investment". The operation would be functional for the processing of steel exported from India for the European market.

Jindal became one of India's leading entrepreneurs after inheriting part of the Op Jindal group, an $18 billion revenue giant, from his father Om Prakash Jindal.

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