Former Ilva, it's a two-way challenge: Arvedi and Jindal's offers on the table
By the 24-hour deadline on November 8 to take over the Taranto site, no proposals have been received from Federacciai and Flacks
Two bids have been submitted for the acquisition of Acciaierie d'Italia: one from Arvedi and the other from Jindal. The Italian consortium led by Federacciai did not participate, while Flacks Group announced it would not bid but might revisit its offer after discussing with Prime Minister Giorgia Meloni. The bidders plan to restore steel production in Taranto using electric furnaces, not blast furnaces, which were previously decommissioned.
The goal is to achieve decarbonization, a target set over a year ago for the former Ilva site. The current workforce is nearly 10,000, with 9,600 employees, including 8,600 in Taranto, for whom the company has requested extraordinary layoff support.
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.
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