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BackEx Ilva, the deadline for binding offers expires at midnight
Ex Ilva, the deadline for binding offers expires at midnight
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ANSA Economia18 minutes agoBusiness1 min readItalyView original

Ex Ilva, the deadline for binding offers expires at midnight

Plants in the Taranto hot processing area shut down and request for layoffs for 8,622 workers

Quick Look

  • The deadline for binding offers for the former Ilva expires today at midnight.
  • The sale takes place with the Taranto hot area at a standstill and the request for layoffs for 8,622 workers.
  • Jindal and the Flacks group are in the running.

AI-generated summary

Why It Matters

The tender for the extraordinary administration of Acciaierie d'Italia Spa was launched in July 2024 and extended until 8 November.

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The deadline for submitting binding offers for the former Ilva closes today at midnight. The race, unlike the previous ones, presents decidedly different conditions. The sales procedure, in fact, takes place with the activity of the hot area of ​​the Taranto plant definitively stopped, with the systems turned off after the ruling of the Supreme Court, which consequently confirmed the decree of the Court of Appeal of Milan. Furthermore, an extraordinary redundancy fund was requested for a maximum of 8,622 workers, from the current 4,450, with the last meeting with the unions at the Ministry of Labor ending without an agreement.

In this scenario, at the moment, among those who could come forward for a possible offer are Jindal, which is looking at the entire perimeter of the former Ilva, and the American group Flacks, which recently clarified that it is still in the running for the tender. The Italian consortium led by Federacciai, however, is increasingly far from the possibility of transforming the expression of interest presented in August into a proposal. Also missing was the Czech Ce Industries, which in recent months had had access to the dataroom without however ever formalizing its participation in the tender.

The tender was launched in July 2024, after the Minister of Business and Made in Italy Adolfo Urso had ordered the extraordinary administration of Acciaierie d'Italia Spa. The tender was then updated several times and relaunched, with the last deadline for the submission of the offer extended to 8 November from the previous date of 15 October.

What to Watch

AI outlook — possibilities, not facts

  • Presentation of binding offers for the former Ilva

    Very likely · Within hours

Open Questions

  • Which binding offers will be submitted by the deadline?
  • How will the employment situation of workers evolve?

Related Topics

This article was originally published by ANSA Economia.

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