Article 2
Italy shall ensure that the Ilva group: 1. closes completely and definitively the hot-rolling mill at Bagnoli; 2. reduces irreversibly by 1,2 million tonnes per year the capacity for producing hot-rolled finished products at Taranto, through the demolition of a reheating furnace at the hot-rolled wide strip mill No 1 and at the heavy plate mill respectively; 3. reduces capacity by 0,5 million tonnes per year either throught the demolition of a reheating furnace at mill No 2 at Taranto or through the demolition of other Italian plant situated elsewhere provided that such plant has manufactured hot-rolled finished products up to the date of privatization and belongs to the new owner of ILP. It shall take place within a period of six months as from the date of the contract of sale; 4. closes the Bagnoli plant by either scrapping it or dismantling it and selling it outside Europe; 5. does not, apart from capacity increases due to productivity gains, increase the remaining production capacity for crude steel and hot-rolled finished products of the undertakings covered by the programme, for a period of five years starting from the date of the last closure or the date of the last payment of aid in respect of investments under the programme, whichever is the later.