Former Ilva: deadline for bids expires; Flacks pulls out
In recent days, the US fund had made it clear that it was still in the running for the former Ilva, whilst stating that it was awaiting an invitation from the government to discuss its proposal. A meeting which, as yet, has not taken place
The race for the former Ilva site has lost a key player in the form of Flacks Group. With just a few hours remaining before the deadline for submitting binding bids, the US fund has pulled out, stating that it is “only able to update its bid after meeting Prime Minister Giorgia Meloni”.
In recent days, the US fund had made it clear that it was still in the running for the former Ilva, whilst stating that it was awaiting an invitation from the government to discuss its proposal. A meeting which, as yet, has not taken place.
The deadline for submitting bids is today, at midnight on Sunday 8 November, and there are still a number of uncertainties surrounding the former Ilva site.
On the one hand, there is the proposal from Jindal, which had already been updated in August to take account of the closure of the hot end, on the other hand, there is the role of the Italian consortium led by Federacciai, which, however, appears to be increasingly unlikely to turn its expression of interest into a formal proposal, although it cannot be ruled out that some companies might act independently.
The tender process was launched in July 2024 after Adolfo Urso, Minister for Enterprise and Made in Italia, had ordered the placement of Acciaierie d’Italia Spa under special administration.

