Urso: «Ex Ilva, Jindal has updated the binding offer»
The outline of the new phase of negotiations for the former Ilva is starting to emerge, although many aspects remain to be clarified. "There are two binding offers, one of which is...
Italian Minister Adolfo Urso has provided an update on the sale of the former Ilva steel plant, saying there are two binding offers, one from Jindal, and two non-binding expressions of interest, one from Federacciai. The Court of Appeal in Milan has ruled that the plant's hot area must be closed within 90 days, or by October 28.
The Environment Minister Gilberto Pichetto Fratin has also confirmed that the government is waiting for formal offers. Meanwhile, the Milan Prosecutor's Office has launched a new investigation into the financial dealings of the former Ilva management under ArcelorMittal, following a report from the plant's extraordinary commissioners. The investigation focuses on nearly €1 billion in liabilities and a significant asset deficit.
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.
