The Milan Bankruptcy Court has declared Acciaierie d'Italiaspa 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 former Ilva.
In Acciaierie d'Italia spa there is an "absolute absence of cash liquidity" which can compromise the "survival" of the company.
This is what emerges from the provision of the Bankruptcy Court of Milan, chaired by Laura De Simone, which today declared the "state of insolvency" of the former Ilva, so that the extraordinary administration can now effectively begin.
A state of "absence of liquidity" not contested, among other things, not even by the company itself.
With the declaration of insolvency and the start of the extraordinary administration procedure, Acciaierie d'Italia, i.e. the former Ilva, may be granted "one or more onerous financing" by the Ministry of Economy and Finance for a maximum of 5 years up to to an amount of 320 million euros for 2024.
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