Published by Global Banking & Finance Review®
Posted on June 12, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleItaly earmarks €200M for Acciaierie d'Italia to maintain operations amid sale talks with an Azeri consortium.
ROME (Reuters) -The Italian government on Thursday earmarked 200 million euros ($232 million) to keep afloat the steel company Acciaierie d'Italia (ADI), formerly known as Ilva, while negotiations to sell it are ongoing, the industry minister said.
In March, the government announced it had entered exclusive talks with an Azeri consortium about the sale of ADI, which was placed under state administration last year after struggling to maintain production amid rising energy costs and weak demand.
The fresh liquidity injection was announced following a meeting this week between ministers and unions in Rome, during which the government made clear it would ensure "financial support for the continuation of the company's activities."
A source told Reuters that the consortium interested in taking over ADI includes Baku Steel and the Azerbaijan Business Development Fund.
Successive Italian governments have had to deal with the ailing steelworks and provide funding to keep it operational, as its closure would have major knock-on effects for the country's manufacturing sector.
($1 = 0.8628 euros)
(Reporting by Angelo AmanteEditing by Keith Weir)
The Italian government has earmarked 200 million euros to support Acciaierie d'Italia, formerly known as Ilva, to keep it operational.
An Azeri consortium, which includes Baku Steel and the Azerbaijan Business Development Fund, is in exclusive talks to acquire Acciaierie d'Italia.
The closure of Acciaierie d'Italia would have significant negative effects on Italy's manufacturing sector, prompting the government to provide ongoing financial support.
Successive Italian governments have had to deal with the challenges of the ailing steelworks and have consistently provided funding to keep it operational.
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