ILVA attracts 29 expressions of interest

Including from ArcelorMittal, Arvedi Group, Marcegaglia Group

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.
   

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