Newco for the former Ilva, the unions' appeal to Mattarella and Meloni
"A newly established company vehicle", a Newco, "held directly or indirectly by the interested parties", and the mandate to the president of Federacciai, Antonio Gozzi, to "carry out, in this preliminary phase,...
Federacciai and 14 associated steel companies have expressed preliminary interest in acquiring parts of Ilva and Acciaierie d'Italia, both under special administration. The interest is in the "cold area" of the Taranto plant, which is not subject to judicial restrictions. A new company, Newco, may be formed to pursue the project, with Antonio Gozzi, president of Federacciai, to lead initial discussions.
The move is aimed at exploring the feasibility of an industrial project, with any potential offer or commitment dependent on satisfactory due diligence and other conditions. The development comes ahead of a visit by Italian President Sergio Mattarella and Prime Minister Giorgia Meloni to Taranto.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
