The auction round for the Liberty Gala\u021bi steel mill and the tubular section ended on Friday, June 19, without any result, despite the lowered price of EUR 463 million, down from EUR 709 million, according to the concordat administrators, the consortium Euro Insol and CITR.<\/p>\n
According to the consortium, the steps for the sale of the Gala\u021bi Steel Plant included discussions with several investors who have expressed real interest in the asset, to whom full access to the necessary information for evaluating the investment opportunity was provided.<\/p>\n
Also, the asset monetization process was supported by an extensive promotion and identification campaign of potential strategic investors in major markets in the GCC, China, India, the USA, and Singapore.\u00a0<\/p>\n
\u201cWe will continue the dialogue with investors who have shown interest in the Plant, and we are working together with creditors to identify the best framework through which this process can lead to a concrete solution. The stakes are too high to stop here. Behind this asset are thousands of people and an entire community that deserves a real chance,\u201d said Euro Insol president Remus Borza in the statement.<\/p>\n
Five companies registered for the June 19 auction for the Liberty Gala\u021bi steel plant, formerly Sidex, with the list of bidders unchanged from the first round held three months ago<\/p>\n
Representatives of the plant\u2019s administration said the registered investors are UMB Steel, part of the Umbr\u0103rescu family-owned group active in infrastructure, metals, and energy; Metinvest BV, the steel and mining group controlled by Ukrainian businessman Rinat Akhmetov; Jindal Steel (International), which acquired the Ostrava steelworks in the Czech Republic in 2025; Greek steelmaker Sidenor Steel Industry; and Indian producer JSW Steel.<\/p>\n
Liberty Gala\u021bi is one of Romania\u2019s largest industrial assets and the country\u2019s biggest integrated steel producer. The company entered preventive concordat proceedings in March 2025 after amassing debts of roughly EUR 1 billion. This legal measure prevents insolvency, allows debt restructuring, and the resumption of activity under negotiated conditions.<\/p>\n
Three days ago, the administrator of the Liberty Ostrava plant in the Czech Republic, which allegedly has to recover EUR 40 million from Liberty Galati, announced that several important assets of the latter were placed under a prohibition of transfer. According to the Czech company, potential buyers face an additional legal risk after the ban on the transfer of key properties of Liberty Gala\u021bi, ordered by a provisional measure of the Ostrava District Court, was entered into the Romanian Land Register.<\/p>\n
The provisional measure targets assets of Liberty Gala\u021bi located on the industrial platform in Gala\u021bi, including production and operational facilities, without further details.\u00a0<\/p>\n