The Italian consortium for the former Ilva is taking shape. On August 18, Federacciai, the association of sector companies, announced that it had submitted a letter of intent for the former Ilva plants: Taranto, Genoa, Novi Ligure, and Racconigi.
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The letter of intent – which follows the meeting with the Minister of Enterprises, Adolfo Urso, on August 5, and the Federacciai council on the 10th – was signed, in addition to Federacciai itself, by 14 associated companies: ABS Acciaierie Bertoli Safau, Acciaieria Arvedi, Acciaierie Venete, Advanced Steel Solutions (Asonext Group), AFV Acciaierie Beltrame, Alfa Acciai, Compagnia Siderurgica Italiana, Duferco Travi e Profilati, Feralpi Siderurgica, Ferriera Valsabbia, Lucchini RS Holding, Marcegaglia Carbon Steel, O.R.I. Martin and Rubiera Special Steel.
With the letter of intent, which precedes any offer, the Italian consortium can now access the data room and review the former Ilva’s data.
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After the August 5 meeting, the Italian steelmakers gathered at the Federmeccanica council just before Ferragosto, and there their willingness was formalized. “We are in the field,” declared Federacciai president, Antonio Gozzi. “Now it is a matter of verifying the existence of enabling conditions. We will do this with the Italian Government in the coming days.”
In recent days, in fact, the association’s council has authorized Gozzi himself “to transmit to the competent authorities, in the name and on behalf of a group of companies that have already expressed their interest in participating in the initiative, and those that may join in the coming days, a letter of intent subject to the verification of a series of enabling conditions, necessary to allow the industrial intervention.”
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