Acciaierie d’Italia, “largely positive” net financial position

Acciaierie d’Italia reiterates that it has always enjoyed a largely positive net financial position, even at the expiry date of the 2020 financial statements. blocked for 1.5 billion euros. Data without any foundation, comments the company led by Lucia Morselli.

As for the non-approval of the budget, the group confirms the stalemate due to the wait for the Council of State, which from May 13 has pending the ruling on the decision of the TAR of Puglia, which in February had confirmed the order with which the Mayor of Taranto, Rinaldo Melucci, had ordered, for health reasons, the shutdown of the blast furnaces within 60 days. Operation whose result could sanction the stop, not only due to the difficulties of the shutdown itself, but also, given the time and costs, of the restart, with the risk of compromising production and sustainability of the plants. A new possible tile after the sentence in the first instance ordered by the Court of Assizes of Taranto against the former owners and administrators of the plant, Fabio and Nicola Riva, at the same time as the confiscation of the plants in the hot area, which in any case will not become operational until the final sentence.

Everything is suspended. Also the approval of the financial statements and the installation of the new board of directors which will have as chairman, for now only designated, Franco Bernabè. However, the company remembers that in the agreement of 10 December, finalized on 14 April, “it is expressly provided” that the approval of the 2020 financial statements does not require the favorable vote of the directors designated by Invitalia or of the public investee with 38% capital. and voting rights for 50%, ready to rise to 60% in 2020. (reserved reproduction)

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Acciaierie dItalia largely positive net financial position

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