"Despite the difference in our positions, ArcelorMittal is keen to find an amicable solution to protect AdI's business and preserve the investments we have made in the ex-llva plant since 2018."
Aditya Mittal, CEO of ArcelorMittal, writes this in the letter sent to Prime Minister Giorgia Meloni and to the Undersecretary of the Prime Minister's Office Alfredo Mantovano to reopen the dialogue on the former Ilva dossier.
The letter, the contents of which we learned today, was sent two days ago.
"We have however taken note of the government's decision and therefore, in order to ensure a clean break, we have offered to sell our entire stake to Invitalia, for a price that reflects only a fraction of our cash investment. Although Invitalia has rejected, this offer remains on the table should the Government wish to reconsider it."
If the preference "is for ArcelorMittal not to exit immediately, this too can be achieved. We are willing to remain as a minority strategic partner providing technical and industrial expertise for the joint venture with Invitalia while the Government decides on a permanent solution for this strategic asset of national interest".
In the letter Mittal confirms the position of the multinational: "we accept - he reiterates - to be diluted to the rank of minority shareholders (and lose joint control and any power of veto or casting vote, i.e. decisive vote) through the conversion of shareholder loans and a capital injection by Invitalia and, nevertheless, in order to eliminate ex ante any concerns regarding state aid, AM is also available to contribute exactly one third of the public contribution aimed at purchasing the branches to AdI Holding".
Furthermore, "I confirm that we are available - states the CEO - to sell our shareholding to an investor that the government indicates at a price at least equal to our last contribution.
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