Overview
- Industry minister Adolfo Urso told the Senate that Jindal filed a formal manifestation of interest for the entire ex‑Ilva complex on Wednesday night.
- The commissioners will conduct a comparative evaluation with Flacks Group, shifting the expected decision window from the end of March to the end of April under a competitive procedure.
- Rome has set three non‑negotiable conditions for any deal: disposal of unused areas in Taranto and Genoa for reindustrialization, inclusion of steel‑sector partners in the buyer’s equity, and demonstrable long‑term financial sustainability.
- Flacks’ proposal, reported as a symbolic purchase price with €5 billion in investments and about 8,500 jobs, faces questions from officials over financial solidity, while the government signals it will use golden power if needed.
- Jindal’s previously outlined model favors electric arc furnaces and a single prereducer without the blast‑furnace hot area, implying a smaller workforce, as a Milan tribunal’s order to suspend production from 24 August complicates the EU bridge loan conditions.