(ANSA) – ROME, FEB 29 – 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 the “absolute absence of liquidity” of AdI.
Premier Giorgia Meloni last Thursday denied wanting to nationalise the steelworks after the governme…
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