Acciaierie d’Italia has secured a €149 million loan

The administrators cited the liquidity crisis as the reason for the loan

The Italian steelmaker Acciaierie d’Italia (ADI, formerly Ilva) has received approval for a €149 million bridge loan, according to Rai.

The financial support was approved with the publication in the Official Gazette of an executive order from the country’s Ministry of Business and Production.

The financing in question is provided for by Decree No. 180 of 2025 to ensure the continuity of the steel plant’s production.

The preamble to the published provision cites notes in which the extraordinary administrators, on March 14 and 17, outlined the urgent need for the loan, arising from an extremely serious liquidity crisis that could jeopardize the continuation of operations and the outcome of ongoing negotiations regarding the sale of the assets.

It also highlights the willingness of the potential investors competing for the acquisition—Flacks Group and Jindal Steel International—to cover the costs of repaying the loan if the proceeds from the sale are insufficient.

Alongside the financial support, a strategic agreement was signed in Taranto between Acciaierie d’Italia and the Fondazione Tecnopolo Mediterraneo per lo Sviluppo Sostenibile.

The agreement builds on a process that began in previous months and aims to consolidate cooperation across several areas, including environmental sustainability, energy efficiency, decarbonization, digitalization, upskilling and artificial intelligence, the use of hydrogen and clean fuels, and more.

As a reminder, in February of this year, the European Commission approved a rescue loan of up to €390 million for Acciaierie d’Italia—Italy’s largest integrated steel producer. The measure is intended to cover the company’s operating costs until it is transferred to a new operator. The company operates eight production and service facilities, with its largest plant located in Taranto.