Global Trade Alert
Global Trade Alert

Italy: Bail out to steel producer Ilva

Announcement

21 Oct 2015

In October 2015, the Italian government notified the European Commission of granting the Italian steelmaker Ilva financial support following the company entering into insolvency proceedings. In December 2017, the European Commission concluded that the state aid granted is illegal and requested the Italian authorities to recover the undue benefit.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

21 Oct 2015

Revocation date:

21 Dec 2017

Last action: 21 Oct 2015
Loan guarantee
On 20 January 2016, the European Commission announced in a press release that it had initiated an investigation into the state aid provided by Italy to its bankrupt steel producer Ilva in Taranto, whe...
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