The largest Italian steelworks, located in Taranto (Puglia), only lived for twenty-five years as a private company.
In 1995, IRI, the powerful Italian public holding company, sold it to the Riva family.
In 2013, it was placed in receivership due to its deadly pollution, then taken over in 2018 by ArcelorMittal.
The new owner never achieved the objectives he set for himself and lost 1.2 billion euros out of the 1.8 billion brought in in capital.
Ilva will therefore be renationalized.
After more than a year of arm wrestling and cross legal proceedings between ArcelorMittal, which threatened to withdraw by paying 500 million euros in compensation, and the Italian state, an agreement has just been reached.
It should make it possible, after Brussels' agreement on State aid, to relaunch the old steelworks created in the 1950s. And to lift the sequestration of the Taranto factory.
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European steel in bad shape
In early February, AM InvestCo, the holding company which controls Ilva, will carry out a capital increase of 400
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