Five multinationals are interested in taking up a majority stake in the former Ilva steelworks at Taranto now known as Acciaierie d'Italia (AdI), replacing ArcelorMittal after its recent acrimonious exit, Business and Made in Italy Minister Adolfo Urso said Friday.
Speaking in Genoa where he met with the workers and unions of the former Ilva mill, the minister said that "whichever investor comes in, the golden power rule will be applied, the procedure whereby the government can set prohibitions or prescriptions to guarantee the level of production and investment" .
He did not name the prospective investors.
According to the Italian media, Ukrainian group Metinvest is interested in Taranto, as are Italian company Arvedi and VulcanGreen Steel, a unit of Indian group Jindal Steel and Power.
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