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 Vulcan
Green Steel, a unit of Indian group Jindal Steel and Power.
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