Face to face in a hearing this morning in Milan, before the Bankruptcy Section, between the lawyers of Invitalia, the public shareholder, and the Extraordinary Commissioner Giancarlo Quaranta, who ask for the declaration of the state of insolvency of the former Ilva to effectively start the extraordinary administration, and the lawyers from ArcelorMittal, still the majority private shareholder of Acciaieried'Italia, who instead ask for the so-called "blank" agreement for the entire group.
Two alternative requests, with one necessarily excluding the other, and on which the president of the Bankruptcy Section Laura De Simone will have to decide, with a single provision and by the end of the week, who reserved her rights after the hearing.
Also present at the hearing, which lasted a few minutes and with depositions of briefs, was the outgoing CEO of Adi spa, Lucia Morselli.
Adi, with private partner Mittal, asked the judge for an alternative instrument with measures to protect the assets of the entire group, which includes Acciaierie d'Italia spa, AdIEnergia srl, AdI Servizi Marittimi srl and AdI Tubiforma srl.
Protective measures from creditor aggression and requests with an instrument such as the so-called conditional agreement.
Invitalia and the extraordinary administration procedure, on the other hand, insisted on the request for declaration of the state of insolvency of Adi spa.
Now it will be up to the judge to decide.
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