EX ILVA, PROTEST DEMONSTRATION IN TARANTO DUE TO THE RISK OF CLOSURE
Former Ilva, we are looking for a trio of commissioners
The government led by Giorgia Meloni is taking steps to coordinate the actions necessary for the start of the extraordinary administration of Acciaierie d'Italia, but so far no meetings have been organized between shareholders. Neither Invitalia nor the government have received official responses from the private shareholder regarding the conditions set to find a peaceful solution to the ArcelorMittal situation.
The Sun 24 Hours reports that the two conditions are access to the data room with new management and the rejection of the global indemnity request by the former Indian managers. While we await a restart of the dialogue, the government is evaluating complexity of extraordinary administrationwhich could be more problematic than other industrial and financial crises.
Before the meeting with the unions, scheduled for next Monday, it becomes crucial to make political and administrative decisions. By Monday, it will be necessary to decide whether to maintain a minority stake in ArcelorMittal or start extraordinary administration. Invitalia could request it from the Ministry of Business and Made in Italy, while Acciaierie d'Italia Holding could do the same to control Acciaierie d'Italia Spa, plagued by debt and a liquidity crisis.
The government is also looking a trio of commissioners to manage the extraordinary administration, preferably with experience in the steel sector, including a manager who knows the Taranto, Cornigliano and Novi Ligure plants well. Every minute counts as we approach Monday, when it will be clear who will handle the complex situation at Acciaierie d'Italia.
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