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Italy opens bidding for polluting steel giant Ilva-The 17th China(Guangzhou)Int’l Spring Industry Exhibition
1/7/2016 Spring Industry expo |
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Italy has launched a tender to find a buyer for the Ilva steel works, one of the most polluting industrial sites in Europe, giving national and international shoppers a month to make their offers. The government''s call for bidders was published in several Italian and foreign dailies on Tuesday, notably in the United States and Britain. Would-be buyers have from January 10th to February 10th to submit offers, individually or in an alliance.
Economic Development Minister Federica Guidi gave the green light on Monday to the sale of the debt-plagued steelworks, which has been under special administration since 2013.
A government decree in December set the deadline for completing the sale at June 30th and stipulated that �300 million would be loaned to the mammoth plant from the state''s coffers to "facilitate the transition phase".
Italy''s Marcegaglia, Arvedi and Amenduni, Switzerland-based Duferco, and ArcelorMittal, the world''s largest steel producer, are all potentially interested in the plant in the southern city of Taranto, according to Italian media reports.
Any deal would have to ensure production continues, jobs are largely protected and environmental rules are respected.
The site, which provides work for some 14,000 people, was placed under special administration after the Riva family which owns it was accused of failing to prevent toxic emissions from spewing out across the town. A mega-trial opened in October of industrialists, politicians and officials blamed for pollution from the plant that caused at least 400 premature deaths.
The plant used to churn out an estimated nine million tonnes of steel per year - about a third of the country''s total production.
-spring
- spring industry - spring industry expo-The 17th China(Guangzhou)Int’l Spring Industry Exhibition
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