Ok bancheal the loan: wages subject – La Gazzetta del Mezzogiorno

Ok bancheal the loan: wages subject – La Gazzetta del Mezzogiorno

ROME – Salaries November Ilva workers are insured and so the progress of the construction Hague for the environmental recovery plan. Mr Piero Gnudi got today from the banks the green light to the second tranche of $ 250 million bridge loan obtained by the Special Commissioner on 11 September. The first tranche of 125 million was paid on 12 September and the second, for another 125, arrives today after a few days of waiting. On November 14, he met Gnudi banks informing them on the progress of negotiations with interested investors and asking to be paid equally to the second part of the loan in the absence of a binding offer for the group Ilva, as was stipulated in the loan agreement. Intesa Sanpaolo, Unicredit and Banco Popolare, have taken a few days to evaluate the dossier and today gave the go-ahead.

The new liquidity gives the Commissioner Gnudi more time for negotiations. At stake is the sale of the giant Italian steel, second in Europe for production capacity at full cycle, with 24 sites of which 17 are in Italy, such as Taranto plant is the giant that can produce up to eight million tons of steel, ceiling established by the Authorization full environmental (Hague). In 2013 Taranto reached 5.7 million tonnes of production in 2014 and aims to reach 6.3 million by recovering productivity. But it’s a giant patient for whom environmental recovery must be an obligation and a civic engagement even before a law enforcement on the Environmental Plan of May. Therefore, after the Riva, who will have to be a high-profile actor. So far, there has been a couple of names.

The consortium that seems closer to win Ilva is formed by Marcegaglia and ArcelorMittal, the largest producer of steel in the world with 91.2 million tons of production, headquartered in Luxembourg (Grand Duchy but also has 4,000 employees), listed on the stock exchanges of Amsterdam, Luxembourg, Madrid, New York and Paris. But it’s getting on even the whole Italian proposal that sees the field in the group Arvedi Cream supported by Federacciai. Arvedi, which now has scored at Palazzo Chigi, a program agreement for 211 million for the rehabilitation of the Ironworks Servola, would be available to collect other Italian partners. The consortium could be supported by Deposits Loans, a hypothesis that is gone from strength to strength ever since to institute public Giovanni Gorno Tempini stated that it considered “strategic” in the steel sector and be willing to act within the limits granted him by statute.

But the cards to the Commissioner is not over, after the green light from banks to 125 million at the end of October, the management commissioner obtained from the Court of Milan transfer seized property to the Bank, which will Gnudi to have the availability of EUR 1.2 billion. ->