A Milan bankruptcy court on Thursday
declared the former ILVA steelworks at Taranto in Puglia
insolvent, the necessary premise for the installation of special
commissioner Giancarlo Quaranta to run the plant, now called
Accaierie d’Italia (AdI), ahead of possible new foreign partners
joining after multinational ArcelorMittal’s term ended
acrimoniously.
The declaration of insolvency, at the same time, should pave the
way for a possible probe into bankruptcy in the management and
accounts of the sprawling steel mill, once the largest in
Europe.
The court declared…
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
