Italy’s former Ilva steel plants: 10 acquisition offers, including global industry leaders

The Extraordinary Commissioners of Acciaierie d’Italia in Extraordinary Administration (AS) and ILVA in AS have announced that, by the deadline of midnight on Friday, January 10, 2025, they received ten offers for the acquisition of the former Ilva plants. The deadline, which had been previously extended, allowed for broader participation in the proposal submission process.

Who placed the bids for Italy’s Taranto plants?

Among the offers received, three pertain to all the business complexes: the consortium of Baku Steel Company CJSC and Azerbaijan Investment Company OJSC, Bedrock Industries Management Co Inc, and Jindal Steel International.

Seven offers focus on individual assets: the consortium of CAR Segnaletica Stradale Srl, Monge & C. SpA, and Trans Isole Srl; Eusider SpA; the consortium of Eusider SpA, Marcegaglia Steel SpA, and Profilmec SpA; I.M.C. SpA; Marcegaglia Steel SpA; the consortium of Marcegaglia Steel SpA and Sideralba SpA; and Vitali SpA.

Although the established deadline is not considered peremptory, any proposals submitted afterward will only be evaluated if they present particularly favorable conditions for the ongoing process.

The statement also highlights that "the Extraordinary Commissioners reserve a reasonable period to carefully examine all proposals received, paying particular attention to employment aspects, decarbonization, and the scale of investments, with the aim of ensuring sustainable development of the plants and maximum protection of the workers involved."

You could be interested in reading:
Italian steelworks under extraordinary administration, end of the road for ArcelorMittal
Acciaierie d'Italia restarts second blast furnace in Taranto