25 out of 29 companies were admitted to the second phase of the due diligence process for the Ilva Group acquisition. Only 12 are interested in buying the whole group, while 13 aim the subsidiaries. "We feel reasonably that, given the economic figures and the importance of asset commitment, probably a company network will be the solution that is most likely to find a positive result. But of course we are respectful of the will of all those who express an interest. We are satisfied with the number of expressions of interest and their quality because they are leading Italian industrial operators but there are also international players." said the special commissioner Enrico Laghi.
After the advanced document integration required, other six companies were admitted to the data room: the Chinese fund P & C (Shenzen), the Turkish company Erdemir Group, France-based Robert et Compagnie and Société Mosellane de Vente de fer Tôles et Aciers, the Italian-Swiss Trasteel International and Euroflex Italian.
19 foreign and Italian companies, including ArcelorMittal, Marcegaglia, CSN Steel, Arvedi, Tecnotubi, Eusider, ERP Compliant Fuels Llc and Zaklady Magnezytowe Ropczyce SA were previously admitted on February 15.
The closing of the due diligence is scheduled for April 15, after which the companies will be required to submit their binding offers by June 30.