June 15th, 2026 - 05:26 GMT
An amended asset sale plan for Liberty Galati has been approved by the Galati court, relaunching the auction process for Romania's only integrated steel producer and Southeast Europe’s largest such asset. The auction, set for June 19, covers both the steel plant owned by Liberty Galati and the pipe mill owned by Liberty Tubular Products Galati, with a court-approved floor price of €463,012,174 (approximately $535 million). The Galati platform covers 1,600 hectares, with port access to both the Danube River and the Black Sea. At full capacity, the plant produces ...