Fabio Riva, wanted since the end of November, resigned from the presidency of Stahlbeteiligungen, the historic Luxembourg safe of the Riva family, and from Siderlux, the recently established holding company which owns 25% of Ilva Spa. According to documents consulted by Radiocor, the board of the holding, on 13 December accepted Riva's resignation, appointing Mauro Pozzi, domiciled in Spain in Seville, as his replacement. Riva's assignment was renewed last June until 2018. A similar decision for Siderlux. Vice-president of Riva Fire, owner of the Ilva steel mill in Taranto and son of the patron Emilio, Fabio Riva has been wanted since November 26 on the basis of a precautionary custody order on charges of criminal conspiracy aimed at environmental disaster, emission of substances harmful substances, dioxin poisoning of foodstuffs, failure to take precautions in matters of occupational safety and corruption.
A week ago, the Taranto prosecutor's office asked the magistrate for a European arrest warrant, after Riva wrote that he had learned of the restrictive measure while he was in England and had decided to place himself at the disposal of the British authorities. While the judicial storm over Ilva's Taranto plants continues in Italy, the movements of the Riva corporate galaxy continue in the Grand Duchy. Siderlux was established at the end of November, by splitting the Stahlbeteiligungen, with the contribution of the share in Ilva Spa.
The operation led to the reduction of Stahl's capital from 140 million to 59,6 million euros. The remaining 81,3 million went to form the share capital of Siderlux, fully subscribed by Riva Fire. According to the 2011 financial statements, in addition to the Ilva share, Stahl owned assets in Germany, Belgium, Canada, Spain, France, for a total of 4,8 billion euros. In August, the Riva group had proceeded with a series of mergers, with the absorption of Ilva International Sa by Italia Ilva Commerciale, while Stahlbeteiligungen had absorbed the other Luxembourg Parfinex.
