Urso, I will talk to Vestager about the bridging loan for former Ilva

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(Finance) – “Tomorrow I will be in Copenhagen where I will also meet the vice president of the EU Commission, Vestager, because we must be authorized for the 320 million bridge loan, which must be repaid, so as not to be subject to the constraints of state aid. We must therefore document the possibility of it being returned and, to do this, the plant must be relaunched.” So the Minister of Business and Made in Italy, Adolfo Ursospeaking at Forum in masseria 2024 on the former Ilva. The liquidity situation of the plants is in fact tense. So much so that we are unable to receive raw materials and require customers to make the effort to pay invoices in advance.

For the former Ilva it is necessary to “create the conditions immediately so that there are private investors who, with public tender procedures, can acquire assets and mark another phase of development. This will certainly happen within this year”, adds the minister for Businesses and Made in Italy, Adolfo Urso, speaking at the Forum in the masseria in Saturnia. “The tenders are international, the important thing is that there is a partner, Italian, foreign, consortium, a partner who is really interested in developing a steel plant but there have already been in recent days, already with the extraordinary administration, more proposals important by significant foreign multinationals”, added Urso.

Among the news regarding the former Ilva “the first is the extraordinary welcome received by the commissioner of extraordinary administration. An important and significant choral reaction from the Italian system, from unions to companies who welcomed it in a positive way. I myself will go to Taranto on Tuesday to meet workers, the region and the mayor and to acknowledge what the government intends to do in this extraordinary administration. Raw materials are at anchor and without raw materials a steel plant stops. In the meantime we took action, I appealed to the client companies of the plant asking them to pay their invoices in advance to provide cash to the commissioner. The Marcegaglia group has already responded positively to me. Even with multinationals who supply raw materials and we have had a positive response to be paid later”, added Urso.

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