(ANSA) – ROME, MAY 30 – The rise of the State to 60% of Acciaierie d’Italia through Invitalia will be extended, according to what is learned, by two years, to 2024. The deadline for the transition from the current public participation of 38 % to the majority of the capital is fixed tomorrow. The final signature of the referral agreement is therefore awaited.
According to what is learned, after a month of negotiations, ArcelorMittal, the commissioners of Ilva in Extraordinary Administration and Invitalia have reached an agreement for the extension of the investment contract to 31 May 2024. The signature by the notary is expected for tomorrow. According to sources close to the dossier, the terms of the agreement at the moment remain unchanged compared to the contract signed on 10 December 2020, as well as the corporate structure with Franco Bernabè president of the Board of Acciaierie d’Italia and Lucia Morselli CEO. The industrial plan envisages the gradual replacement of blast furnaces with electric furnaces powered by pre-reduced. The original agreement provided for the transfer of the majority of Invitalia by tomorrow, May 31, with the payment of 680 million euros to purchase the assets currently leased. The closing is postponed for two years pending the completion of the Hague requirements (Integrated Environmental Authorization), of the judicial decisions on the request for release from seizure of the hot area plants (one of the suspension clauses of the contract) presented by the commissioners of Ilva in As, and the search for new funding. According to some sources, Acciaierie is working on closing a transaction with Unicredit after the securitization of trade receivables of 1.5 billion signed in recent months with Morgan Stanley. (HANDLE).
Source: Ansa
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