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Guidi signs decree for ILVA sale – ANSA (registration)

(ANSA) – Rome, January 4 – Industry Minister Federica Guidi
on Monday signed a decree putting up for sale companies and
plants in the troubled ILVA steel group. The tender for
expressions of interest will be published Tuesday, sources said.
   
Earlier this month the cabinet extended an environmental
cleanup deadline for ILVA in order to make time for a sale of
its facilities.
   
Cabinet also earmarked 300 million euros to facilitate the
sale, which is to be completed by June 30 this year.
   
The buyer will be picked via “a public invitation to
tender, assessed based on the merits of its proposal…and
following transparency criteria,” Guidi…

Read the full article at: http://www.ansa.it/english/news/politics/2016/01/04/guidi-signs-decree-for-ilva-sale_72a07643-0388-43af-b623-5a82dd5d3b1b.html

Category: BankruptcyBy Insolvency GuardianJanuary 4, 2016

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Guidi signs decree for ILVA sale – ANSA (registration)

(ANSA) – Rome, January 4 – Industry Minister Federica Guidi
on Monday signed a decree putting up for sale companies and
plants in the troubled ILVA steel group. The tender for
expressions of interest will be published Tuesday, sources said.
   
Earlier this month the cabinet extended an environmental
cleanup deadline for ILVA in order to make time for a sale of
its facilities.
   
Cabinet also earmarked 300 million euros to facilitate the
sale, which is to be completed by June 30 this year.
   
The buyer will be picked via “a public invitation to
tender, assessed based on the merits of its proposal…and
following transparency criteria,” Guidi…

Read the full article at: http://www.ansa.it/english/news/business/2016/01/04/guidi-signs-decree-for-ilva-sale_2e322f78-4fad-463d-a053-99501e679cf2.html

Category: BankruptcyBy Insolvency GuardianJanuary 4, 2016

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