20/03/2025
Rome, March 20, 2025 - The Extraordinary Commissioners of Acciaierie d'Italia in AS and ILVA in AS have sent the Ministry of Business and Made in Italy a request for authorization to start preferential negotiations with the Azerbaijani consortium led by Baku Steel Company CJSC and Azerbaijan Investment Company OJSC.
The decision was made after a careful and in-depth analysis of the relaunch offers received.
The selection process assessed several factors, including the financial solidity of the candidates, the industrial sustainability of the respective proposals and the benefits in terms of employment and for local communities.
In compliance with the complexity of the negotiation for the future of the steel hub, the negotiation process will be carried out with the necessary confidentiality, ensuring the protection of the industrial, employment and social interests involved.
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