• Italy's news in English
 
app_header_v3
Italy opens bidding for polluting steel giant Ilva
The Italian government is selling off notorious Ilva steelworks in Taranto. Photo: Donato Fasano/AFP

Italy opens bidding for polluting steel giant Ilva

AFP · 5 Jan 2016, 13:18

Published: 05 Jan 2016 13:18 GMT+01:00

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.
   
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.

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.
   
Any deal would have to ensure production continues, jobs are largely protected and environmental rules are respected.
   
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".
   
"The government is banking on an Italian alliance to counter the foreseeable offer from the Franco-Indian multinational ArcelorMittal," La Repubblica said.
   
The plant used to churn out an estimated nine million tonnes of steel per year - about a third of the country's total production.
   
But experts fear a sale is far from certain in light of the currently depressed state of a global steel industry blighted by chronic over-capacity.
   
"Who will take on a company which loses millions each month - some €16 million today but €50 million a month in the past - which has very strict rules concerning pollution and which still has one furnace impounded?" La Repubblica asked.
 
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.
   
But many locals want the plant to remain open for fear of the consequences of closure in an area with an already towering unemployment level.

For more news from Italy, join us on Facebook and Twitter.

Your comments about this article

Today's headlines
Rome mayor reticent on 2024 Olympic bid
Rome Mayor Virginia Raggi argues that the Olympics are not a priority for the capital. Photo: Filippo Monteforte/AFP

"Let's first think about abandoned municipal installations and sport in schools."

Italy starts work on wooden towns for quake homeless
A temporary town at Onna, built after the 2009 L'Aquila earthquake. Photo: Vincenzo Pito/AFP

The towns will be modelled on similar settlements built following the 2009 L’Aquila earthquake.

Migrants mass in Libya in deadly 'race against time'
Abdel Hamid al-Souei of Libya's Red Crescent said improved weather triggered this week's mass outflow of migrants to Europe. Photo: Mahmud Turkia/AFP

Thousands of migrants are "racing against the clock" to make the perilous crossing from Libya to Europe before summer ends, with authorities in the conflict-torn country at a loss to stem the flow.

Venice Film Festival
Magical musical to kick off star-studded Venice fest
The Golden Lion is the top price at Venice's annual film festival. Photo: Alberto Pizzoli/AFP

A bewitching musical starring Ryan Gosling and Emma Stone will open the Venice film festival on Wednesday, kicking off a US-heavy line-up of flicks vying for the coveted Golden Lion.

Ventura starts life as Italy manager against France
The 68-year-old manager is hoping to make a successful start. Photo: Tiziana Fabi/AFP

Chelsea jokes aside, Giampiero Ventura is hoping to pick up where Antonio Conte left off when he leads a new-look Italy for the first time in a friendly against beaten Euro 2016 finalists France on Thursday.

Amid ruins, Italy mourns quake victims
Relatives mourn during a funeral service for victims of the earthquake in Amatrice. Photo: Andreas Solaro/AFP

Italy on Tuesday held a poignantly symbolic funeral for victims of last week's earthquake amid the ruins of Amatrice, the small town that bore the brunt of the disaster.

3,000 migrants saved off Libya a day after record rescue
Photo: STR/AFP

Rescuers saved 3,000 migrants in the waters off Libya on Tuesday as they tried desperately to reach Europe, a day after a record 6,500 people were rescued in the Mediterranean.

How we found each other through The Local Italy
Tom and Orna on their wedding day in Veneto in July.

Orna O’Reilly had been widowed for over 20 years before she moved to Italy’s Veneto region from Ireland in March 2013. A few months later, she met her future husband – via The Local Italy.

Video
Cat pulled alive from Italy's quake rubble after five days
Gioia is dehydrated but doing well. Photo: Facebook/ENPA

There were rare scenes of joy in earthquake-hit Amatrice on Monday, when a fortunate cat was rescued from the ruins of a collapsed home and returned to its tearful owner.

England 'keeper Hart jets in for Torino medical
Joe Hart is set to join Torino on loan. Photo: Jonathan Nackstrand/AFP

England goalkeeper Joe Hart is set to become the first English goalkeeper to play in Italy's top flight since 1930.

Sponsored Article
6 reasons expats use TransferWise to send money
The incredible hero dogs of Italy’s earthquake
National
Why quake-hit Amatrice will never be the same again
National
Why discontented Italians could derail their economy
Sponsored Article
Jordan: where history meets adventure
Society
Keep passports safe: Typical pickpocket scams revealed
Culture
Why coffee in Italy is a culture you must taste to understand
Society
The richest families in Florence in 1427 are still rich today
Culture
So why do pasta-loving Italians live such long lives?
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
National
Italy's Renzi prepares for stormy autumn
Society
This 104-year-old just saw the sea for the first time
National
Should Rome give up on its 2024 Olympic dream?
Sponsored Article
Why Jordan is the ‘Different’ East
Society
The Italian doctor giving hope to thousands of migrants
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
Culture
Ten 'Italian' dishes that don't actually exist in Italy
Sport
Five Italian athletes going for gold at the Rio Olympics
Travel
Trastevere: From a fiery past to Rome’s souvenir stand
Politics
Think Trump would be a disaster? Just ask the Italians
National
How Brexit has helped to expose Italy’s banking malaise
Politics
After Brexit, keep a close eye on Italy's Five Star Movement
Lifestyle
12 mistakes foreigners make when moving to Italy
National
Why Milan could be Europe's post-Brexit financial hub
Travel
Five crowd-free alternatives to Italy's tourist hotspots
National
Italian hotspots struggling with 'too many tourists'
Culture
Meet the Italian chef behind the world's best restaurant
2,508
jobs available