Former Ilva, rift between ArcelorMittal and the government: no capital increase with the state to 66%

MILAN – Table between government and ArcelorMittal for the futureformer Ilva. During a meeting at the Palazzo Chigi with the steel giant at the Taranto plant, the government delegation proposed to the top management of the company to sign a capital increase of 320 million euros to help increase the participation of the public shareholder. Invitalia is 66%, together with what is necessary to guarantee the continuity of production. The government, Palazzo Chigi reports, has taken note of ArcelorMittal’s inability to make financial and investment commitments, even as a minority shareholder, and has mandated Invitalia to make subsequent decisions through its legal team.

Former Ilva, what happens when the state returns to the majority

by Giovanni Pons

Palazzo Chigi also announces that the unions will now convene the executive on the afternoon of Thursday, January 11, when it was initially expected to meet with the unions tomorrow instead.

The solution to the file connected with the Taranto steel plant is therefore complex. No from the steel giant puts the economic burden of reviving the plant’s fortunes squarely on the public shareholder, increasing the cost to the public purse.

Unions: “Mittal’s unavailability is very serious”

“The unavailability of Mittal, expressed today in the meeting with the government, is very serious, especially in the face of the urgent situation in which workers and factories are now, and confirms the desire to close the history of the steel industry in our country.” . In a joint note, Fim Fiom and Uil comment on the outcome of negotiations between the government and ArcelelorMittal on the future of the former Ilva group. A meeting, the note continues, that “confirms what Fim Fiom Uilm condemned and mobilized the workers for: the need for public control and the lack of will on the part of the private partner to want to invest resources in the future of the former Ilva”. And from Thursday’s meeting, the unions expect from the government “solutions that ensure the safety of all workers, including those in related industries, and guarantee public scrutiny, employment protection, health and safety, environmental remediation and industrial recovery”.

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