ILVA sale, Gnudi: “October? It’s premature”

Rome - The sale of ILVA to private investors is being delayed until 2017. Special Commissioner Piero Gnudi is ruling out the possibility of selling the group in October and is extending the time frame until the first months of the new year

Rome - The sale of ILVA to private investors is being delayed until 2017. Special Commissioner Piero Gnudi is ruling out the possibility of selling the group in October and is extending the time frame until the first months of the new year. And in expectation of the approval of yet another decree on the sale, which is now being considered by the Senate, Deputy Minister for Development Teresa Bellanova is making an appeal for responsibility and is calling for all to do their part. There is a danger that the time frame for the sale may now be drawn out. In Commissioner Gnudi’s opinion, October looks “premature”. “We will seek to accelerate the time frame as much as possible,” said the former Minister, explaining that the sale could come in the “first months of next year”.

On the table are offers from two consortia competing in the tender to acquire the Taranto plant: Acciaitalia (which consists of CDP Equity-DelFin-Arvedi) and Am Invesco Italy (which consists of ArcelorMittal-Marcegaglia). At the moment, Gnudi explained, “we will deal with the environmental issues, which will be entrusted to three experts,” who were appointed yesterday by the minister of the Environment “for the evaluation of the plan.” The experts are Carlo Collivignarelli, Antonio Fardelli and Gigliola Spadoni. “The experts will certainly move quickly which will move things faster,” the commissioner added.

One part of the ILVA issue is also being discussed in Parliament, where the tenth decree on its sale to private investors is under consideration, a measure that gives the Environmental Plan precedence over economic issues, making it central to the evaluation of the proposals. The decree has already caused a delay, and after its approval by the Chamber of Deputies (last Wednesday), the green light from the Senate is now being awaited.

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