The Flacks Group said Friday that it is aiming to sign an agreement to buy the former ILVA group steelworks in Taranto by the end of March.
"The Flacks Group is completing the documentation relating to the acquisition, which it plans to submit to the administrators no later than March 12," the US-based private investment group told ANSA.
"This will include a revised business plan, evidence of the proper functioning of the acquiring entity, a capital commitment letter and other elements showing the availability of significant assets.
"The Flacks Group is also in discussions with leading industrial partners.
"If the documentation is deemed acceptable, the group expects to sign a binding acquisition agreement by the end of March".
