“There is no green light on the credits of the former Ilva related companies. The inclusion in the liabilities which certifies the pre-deduction of the credits claimed from Acciaierie d’Italia confirms the strategic nature of the companies that have always worked in the plant but does not, unfortunately, translate into the resolution of the controversial issue. The pre-deductibility of companies recognized by the extraordinary commissioners which currently excludes road haulage companies will however have to be examined by the Court on 19 June. But it doesn’t mean immediate money for businesses at all.”
To specify the contours of the matter, Aigi, the association that brings together almost all the companies involved in the steel industry and which in recent days, in the assembly, took stock of the situation. Aigi underlines that even in 2015, when the extraordinary administration of the then former Ilva was declared, many companies were recognized as pre-deductible. Today, 9 years later, the same companies have still not been reimbursed for the credits owed to former Ilva and are left with a very complicated financial situation aggravated by the events of recent months.
“Aigi’s companies recognize the Government’s closeness to the issue through the issuing of the decree, so-called ‘save allied industries’, which is now law. A decree which on the one hand recognizes the financial difficulty of related companies generated by the steel crisis, making the Guarantee Fund available for SMEs for access to credit in order to support their continuity; – we read in the note – on the other hand it does not take into account the rules of bank credit which, despite the guarantees offered and referred to by the Law, are oriented in a completely different direction due to the greater risk to which companies in the induced even without any responsibility. This situation is even worsened by the uncertainty of the realizable value of the credits even though they are recognized as pre-deductible. The Sace procedure is in fact linked to the industrial plan of AdI in As and on the bankability of the companies. A sort of very dangerous oxymoron when one considers that if companies are not paid they cannot be considered bankable.
In any case, – continue the representatives of the trade association – we do not want to reach the conclusion that the decree represents a paradox that leads to its impracticability; indeed, it is Aigi’s strong belief that the function of the guarantees referred to by law by SACE and MCC must be enhanced for the purposes of access to credit to concretely support the continuity of related businesses; this while waiting for the pre-deductible credits, ascertained by the Commissioners and close to verification by the Court, to return to being concretely available wealth”.
For Aigi, it is necessary to solicit memoranda of understanding with the banking system, MCC and SACE as well as with the Commissioners of extraordinary administration procedures that restore trust in the entire system of economic (and social) relations that are generated by related companies. “In the absence of such solutions, despite the effort made by the Government, the former Ilva related industries will slide inexorably towards the closure of companies and judicial liquidation with an incalculable impact on the territory. And once again a crime will be committed in Taranto to the detriment of the weakest link in the economy.”
