The Court declares the former Ilva insolvent - Last minute. The Milan Bankruptcy Court has declared Acciaierie d'Italia spa to be insolvent.
A step that effectively allows the extraordinary administration to be started. The declaration of insolvency, at the same time, should trigger an investigation with the hypothesis of bankruptcy into the management and accounts of the ex-Ilva. With the declaration and the start of theextraordinary administration procedure, Acciaerie d’Italia may be granted "one or more onerous financing" by the Ministry of Economy and Finance.