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Acciaierie d’Italia secures approval for EUR 149 million loan

The EUR 149 million bridge loan foreseen for the former Ilva in Italy has been officially approved following the publication of the implementing decision in the Official Gazette.

Acciaierie d’Italia secures approval for EUR 149 million loan

The financing in question was provided under Decree No. 180 of 2025, aimed at safeguarding the steel plant, and was implemented by the Italian Ministry of Enterprises and Made in Italy.

The justification of the decision referred to the applications submitted on March 14 and 17 by Acciaierie d’Italia (the company effectively carrying out production) and the management of Ilva in AS, which holds Ilva’s assets. The applications highlighted a severe liquidity crisis affecting both entities, warning that failure to secure urgent financing could jeopardize the continuation of operations and the ongoing negotiations regarding the transfer of the plants.

It was also noted that investors competing for the acquisition of the company, such as Flacks Group and Jindal Steel International, have committed to repaying the loan in case the sale proceeds prove insufficient.

During the same period, a strategic cooperation agreement was signed in Taranto between Acciaierie d’Italia and Tecnopolo Mediterraneo per lo Sviluppo Sostenibile. The agreement aims to carry out joint activities in applied research, technical-scientific training, innovation, and technology transfer.

The cooperation covers areas such as environmental sustainability, energy efficiency, decarbonization, digitalization, advanced training, and artificial intelligence, as well as the valorization of by-products, hydrogen use, sustainable fuels, and the circular economy. This initiative aims to transform Taranto into a center of excellence for industrial transformation technologies.

Acciaierie d’Italia CEO Maurizio Saitta stated that the partnership will strengthen research supporting process and product innovation, the circular economy, and the green and digital transition. Tecnopolo President Antonio Messeni Petruzzelli noted that the collaboration reinforces the goal of creating an innovation ecosystem based on sustainable development.

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