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Ex Ilva Sale Draws Only Fund Bids for Whole Group as Asset Split Looms

Judicial seizures continue to curb capacity, discouraging industrial bidders.

Overview

  • Commissioners received ten offers by the deadline, but only two cover the entire Acciaierie d'Italia group: Bedrock Industries and a Flacks Group–Steel Business Europe consortium.
  • Eight bids target individual assets, including proposals from Renexia, Marcegaglia-linked consortia, Industrie Metalli Cardinale, Eusider and Trans Isole, while a separate political submission was ruled out of scope.
  • Jindal did not take part after Baku Steel’s withdrawal, leaving no industrial operator bidding for the full company.
  • Minister Adolfo Urso said legal proceedings continue to restrict output, noting a blast furnace remains under judicial seizure and complicates any relaunch.
  • Commissioners will assess proposals with emphasis on employment, decarbonization and investment, as unions protest the risk of a break-up and push for nationalization.