Former Italian tourism minister Piero Gnudi has been appointed as the new special commissioner for the Taranto-based Italian steelmaker
Ilva, according to the Italian press agency ANSA.
A SteelOrbis previously reported, last month, at the annual meeting of Federacciai, the Italian iron and steel association (Federacciai) president Antonio Gozzi commented on the case of
Ilva, indicating that
Ilva was going to go bankrupt. Gozzi had also criticized Enrico Bondi, the previous special commissioner for
Ilva, accusing him of "knowing very little about the steel industry".
In August 2012, Taranto judge Patrizia Todisco ordered a production halt at
Ilva due to environmental hazards, following which some 1.7 million mt of finished and semi-finished steel stocks worth between €800 million and €1 billion belonging to
Ilva were seized by court order. The Taranto judges also ordered the confiscation of €8.1 billion worth of property and goods belonging to the Riva family in May 2013.