At the end of the midnight, the curtain dropped to the relaunch phase for the assignment of the ex -lava steel systems of the former Ilva. Adolfo Urso, Business Minister and Made in Italy, described the operation as a joint for the future of Italian and European ladies. Here’s who wants to take the former Ilva.
Three relaunches for the former Ilva, Baku remains in the lead
The extraordinary commissioners received three relaunches: Baku Steel Company Cjsc with Azerbaijan Investment Company Ojsc, Jindal Steel International and Bedrock Industries Management Co. All three contenders have decided to relaunch by the deadline of 24, bringing the competition to a more heated level. No move from Bedrock Industries Management Co Inc, who preferred to stay at the window without retouching its initial proposal.
The relaunches and the challenge between the three contenders
Bedrock, Jindal and Baku have presented new offers within the imposed limit, with the latest updated proposal that arrived on the wool thread just before the midnight deadline. The azeri, strong of their energy resources and the solidity of the alliance with Azerbaijan Investment Company, they leave ahead compared to the other two competitors. A move that is not surprising: the American fund, more accustomed to financial games than to the powder of the altars, had already given signals of little interest. Two steel giants remain in the race, ready to compete for the factory with proposals that could redesign the future of Italian steelurgery.
Even before the last round of relaunch, the Azero group had unleashed a check of one billion euros, Started between warehouse and plants, with the promise to arm 7,800 jobs for at least two years. The last move further strengthened his candidacy, putting pressure on the competition.
Work and environmental investments in the center of the match
The employment node It is a boulder on the negotiation. Ten thousand employees, 1,700 in layoffs and the fear of a downsizing push the government to prudent maneuvers. Those who put their hands on the former Ilva will have to guarantee stability, but also manage the green revolution: the farewell to the Altiforni in favor of electrical systems is written in the future of steelurgery, with everything that follows in terms of investments and reorganization.
The strategic role of the Azero gas
Baku Steel drops the Jolly of the Azero gas, a move that can change the balance in the steel match. Azerbaijan supplies Italy through the Tap pipeline, an element that can make the difference in the race to the decarbonisation of industry. Arrange a reliable and convenient energy source could make Taranto’s steel mill a perfect laboratory for the new era of steel.
Next moves and strategies on the pitch
The extraordinary commissioners take a few days to sift through the offers and turn the verdict at the Ministry of Companies and Made in Italy. After a careful evaluation, we will move on to the decisive phase of the negotiation, with an exclusive confrontation between the best bidder and commissioners. Not only the economic aspect will be assessed, but also the commitments on employment and energy transition.
It is not excluded that the winner can decide to give in to third parties some non -strategic assets, following the indications of the industrial plan. The government accelerates, but not without difficulty. The former ILVA match is played on multiple tables, with trade union pressures, environmental constraints and the weight of a strategic supply chain to be protected. On the political front, the dossier is a test for keeping the executive, called to balance industrial needs with social needs. Meanwhile, rumors circulate on a possible public intervention To facilitate the transition, perhaps through temporary participation in the Invitalia style. A hypothesis that could smooth the resistance and make the Operation in the eyes of Brussels more digestible.
