A combination of Italian and international investors, led by a foreign entity (with key contenders from Canada, India, and Ukraine), could be the driving force behind the revival of the prior Ilva. It is likely that up to 100% of the capital of Acciaierie per l'Italia, which is presently in exceptional administration, will be sold, with the goal of assigning the plants by June 2025. Adolfo Urso, the Minister of Enterprise, is apparently working on this idea after receiving 15 non-binding expressions of interest in the complete or partial acquisition of the steel hub, which has its headquarters in Taranto. The goal is to form an alliance of various actors to provide an overall solution that will allow at least 1.5 billion to be raised from the sale, protect jobs, and begin decarbonization in accordance with the EU, which calls for a 1 billion state investment. The 15 offers represent merely the first part of the tender procedure, which was opened by the former Ilva's commissioners, Giovanni Fiori, Giancarlo Quaranta, and Davide Tabarelli, in late July. The review of proposals will begin this week, with binding offers due by the end of November, with the possibility of more competitors. Participants must define the scale of the operation, the number of personnel, the viability of the environmental plan, the industrial strategy, the price offered, the interventions in favor of local communities, the bidder's dependability, and the likelihood of finishing the operation. There could be additional stages of relaunch. The goal is to assign the plants by March, or by June 2025 at the latest. If a single buyer or consortium for the entire steel hub cannot be found, the possibility of selling only a few plants or retaining a share of capital through the state-owned company Invitalia (currently at 32%, following the failure to reach an agreement with ArcelorMittal for the transition to 66%) is not ruled out.
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