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If the preference “is that ArcelorMittal Don’t go out right away, this can also be accomplished. We are available to stay as minority strategic partner that provides technical and industrial experience for the joint venture con lnvitalia while the government decides on a permanent solution for this strategic asset of national interest”. Thus Aditya MittalCEO of ArcelorMittal, in the letter sent to the Prime Minister, Giorgia Meloniand to the undersecretary to the Presidency of the Council, Alfredo Mantovanoto reopen the dialogue on dossier ex Ilva.
ArcelorMittal’s position on the former Ilva In the letter Mittal confirms the position of the multinational: “We accept being diluted to the rank of minority shareholders (and losing joint control and any veto or
casting votei.e. decisive vote) through the conversion of shareholder loans and a capital injection by Invitalia”. Nonetheless, “in order to eliminate
from before any concern regarding state aid, ArcelorMittal is available to contribute to AdI Holding exactly one third of the public contribution aimed at purchasing the branches”.
Willingness to sell shares according to government instructions The company also reiterates its willingness to sell the shareholding “to an investor that the government may indicate, at a price at least equal to our last contribution”. We will send to the office of Undersecretary Mantovano a
term sheet which details this position. We trust that this letter will convince the Government that unilateral and extreme actions are both undesirable and unnecessary, in light of the concrete and specific proposal we have presented. And we look forward to being contacted by President Meloni’s office or his representatives on the next steps.”