Italy’s former Ilva steel plants: 10 acquisition offers submitted, including Bedrock and Marcegaglia

The Extraordinary Commissioners of Acciaierie d’Italia in Extraordinary Administration (AS) and ILVA in AS have announced that ten acquisition offers for the former Ilva steelmaking assets were received by the deadline of midnight, Friday, September 26, 2025.

Who placed the bids for Italy’s Taranto plants?

Among the bids submitted, two involve proposals for the acquisition of all production sites: one by Bedrock Industries, and another from a consortium formed by Flacks Group and Steel Business Europe.

Eight other proposals concern individual assets. These were submitted by Renexia (Toto Group), Industrie Metalli Cardinale (IMC), Marcegaglia, a consortium of Marcegaglia and Sideralba, CAR Srl, a consortium of Marcegaglia, Profilmec, and Eusider, Eusider alone, and Trans Isole.

An additional proposal, submitted by a political entity, does not meet the tender requirements and will not be considered.

While the deadline is not deemed strictly binding, any late proposals will only be evaluated if they offer particularly favorable conditions for the ongoing procedure.

The Extraordinary Commissioners will now undertake a thorough review of all proposals, with particular attention to employment impact, decarbonization plans, and the scale of investment. The ultimate goal is to ensure sustainable development of the facilities and safeguard the workforce involved.

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