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 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 Milan Bankruptcy Court, 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 by the Ministry of Economy and Finance "one or more onerous loans" for a maximum of 5 years up to an amount of 320 million euros for 2024.
In the former Ilva decree "during the conversion, a series of amending proposals were approved which have implemented the requests that have come to us from the related industries in these weeks of discussion and listening to their needs. In particular, the access parameters have been revised to the Guarantee Fund and the Puglia Region's request to release portions of the restricted administration surplus for further financing in favor of companies in the supply chain was accepted".
This was declared by the Minister of Business and Made in Italy, Adolfo Urso, after the conclusion of the voting on the amendments to the former Ilva decree in the Industry Committee of the Senate.
Reproduction reserved © Copyright ANSA