The race

Ex Ilva, Flacks misses deadline: offer still incomplete

The only thing received by the commissioners, who, moreover, had somewhat suffered from the 'hyper-optimistic' initiative of the government and its ministerial structures to give Flacks more time, is a letter in which Flacks explains that he did not have time and in which he asks to be able to have yet another meeting next week

by P.Br.

Lo stabilimento Ilva visto dai tetti del quartiere Tamburi, 19 settembre 2013.
ANSA / CIRO FUSCO ANSA

2' min read

Translated by AI
Versione italiana

2' min read

Translated by AI
Versione italiana

Yet another failed attempt by the Meloni government to keep alive a supposed two-way race for the Ilva now in an agonising state. Yet another empty passage by Flacks.

At the direct instigation of the executive, last week the Americans of Flacks, who had submitted incomplete documents in the financial parts, were given the opportunity to supplement, by Friday of this week (20 March), the documents with proof that they were solvent and had a banking structure behind them capable of supporting the operation.

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On 20 March, however, according to the Sole 24 Ore, nothing substantial came from Flacks. Or almost.

Letters of credit? Nothing. A less demanding 'comfort letter' from a banking institution? Nothing. Neither bank names nor money on the table.

The only thing received by the commissioners, who, moreover, had somewhat suffered from the 'over-optimistic' initiative of the government and its ministerial structures to give Flacks more time, is a letter in which Flacks explains that he did not have time and in which he asks for yet another meeting next week.

Flacks, the semi-unknown British entrepreneur based in Miami who in the midst of a declaratory trance said to also want to buy British Steel in England and Thyssen Krupp in Germany, had time this week to mount an unglamorous press campaign against Jindal's competitors, but did not have time to integrate documents proving its solvency and financial and asset strength.

On Monday 23 March, meanwhile, the presentation of the binding offer by the Indians of Jindal is scheduled - at the request of the commissioners -. We will see whether the Indians will comply with the request and what the Americans - after having envisaged a Beatles-type arrival in Taranto, complete with the acquisition of the city's football team - will come up with this time.

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