Assets of the troubled ILVA steel group that have been put up for sale by the government include seven subsidiary companies, according to a tender offer published Tuesday. The companies are Ilva Servizi Marittimi, Ilvaform, Innse Cilindri, Sanac, Taranto Energia, Socova and Tillet.
Industry Minister Federica Guidi signed a decree putting ILVA facilities up for sale on Monday as part of efforts by the government to keep the struggling steel manufacturer alive. Prospective buyers have until February 10 to present their bids.
The tender is open to individual companies or alliances of all nationalities that are able to "ensure production continuity" and maintain "adequate employment levels" at ILVA.
Also on Tuesday, unions representing workers at ILVA's Cornigliano plant near Genoa threatened a strike next Monday after failing to reach an agreement with company representatives over pay.
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