According to the minister, the acquisition of ADI is open to new bidders.
Callanish learns that interested parties, in addition to the two existing bidders for Acciaierie d'Italia (ADI), formerly known as Ilva, can submit a proposal at any time, provided that it improves on the proposals already received.
Adolfo Urso, Minister of Enterprise and Made in Italy (MIMT), made the comments during a discussion in the Chamber of Deputies, adding that the process remains open, comparable and competitive, as specified in the terms of the tender.
Negotiations on the acquisition of ADI are ongoing, and two international bidders - Flacks Group and Jindal Steel International - remain in force, Urso confirms.
Both projects are actively discussed with the commissioners, the local authorities of Puglia and Liguria, as well as various financial institutions and agencies, reflecting the scale and complexity of the planned investments.
The commissioners asked Flacks Group to provide documentary evidence of its financial capabilities, while the relevant teams conduct a comprehensive audit.
At the same time, the commission members are negotiating with Jindal Steel International, which has submitted a plan directly related to the group's enterprises in Oman, Urso explains.
The industrial plan provides for the integration of Ilva's current product range, including coils, tubes and plates, with products designed for the automotive, defense and renewable energy industries.
"The members of the commission are currently assessing the scale and timing of the investments that the group intends to make, as well as the associated implications for equipment maintenance and modernization, environmental protection and decarbonization, especially in light of the damage caused during Mittal's leadership, with confirmed damage to plants and the company in the amount of 7 billion euros[8.23 million dollars]," Urso says.
He adds that Jindal's plan also calls for a total production volume of 4 million tons during the transition phase, which, upon completion, will increase to 6 million tons of the transition to a green economy.
Currently, about 3,850 employees are on temporary leave, and, according to the minister, it is planned to expand the program to cover 4,450 employees.
Meanwhile, last month, the Italian government approved the allocation of an additional 149 million euro loan to ADI to maintain operations in Taranto. The loan, published in the Official Gazette, was provided to prevent the immediate and irreversible shutdown of blast furnaces, protect workers, and continue sale negotiations with bidders.
Last week, Flacks confirmed that his group had asked the Italian government for an interim loan of 500 million euros to support