15:56 - 18.02.2025
February 18, Fineko/abc.az. Baku Steel Company (Azerbaijan) and Jindal Steel International have increased their offers for Italian company Acciaierie d'Italia (ADI).
ABC.AZ informs that the Italian government announced this on Saturday, and the two companies were included among the main candidates for the purchase of the plant.
ADI, located in Taranto in southern Italy, was placed under public administration due to difficulties in further production amid high energy costs and weak demand.
Italian PM Giorgia Meloni is concerned about the future of ADI, as the closure of the plant could seriously affect the country's manufacturing sector.
The Italian Emergency Commissioners issued a statement saying they would evaluate the proposals “within a few days” and send their opinion to the Ministry of Industry. They did not disclose financial details.
Italian newspaper Il Messaggero reported on Saturday that Baku Steel Company has increased its offer almost by 1 bn euros ($1.05 bn), which is more than that of Jindal.
