ILVA attracts 29 expressions of interest

(ANSA) - Rome, February 10 - There have been 29 expressions of interest in purchasing troubled ILVA steelmaker assets and affiliates, informed sources told ANSA Wednesday. They include offers from Luxembourg-based steelmaker ArcelorMittal, Cremona-based steel manufacturer Arvedi Group, Milan-based steelmaker EUSIDER, and family-owned Marcegaglia Group steel processor. Extraordinary commissioners managing ILVA as the firm undergoes a massive environmental cleanup and financial turnaround project have begun assessing the offers. The deadline for filing under terms of a government decree signed last month is today, February 10. State-controlled investment bank Cassa Depositi e Prestiti (CDP) filed an expression of interest Tuesday.
    A court this year declared ILVA insolvent, with debt totalling nearly three billion euros.