The Competition Council announced on Monday, December 29, that it approved the transaction through which Liberty Gala\u0163i intends to acquire Phoenix Slag Services SRL. Liberty Gala\u0163i is Romania’s largest integrated steel producer.<\/p>\n
The transaction is part of the implementation of Liberty Gala\u0163i’s restructuring plan, which has been approved by the Gala\u0163i Tribunal. The plan includes, among other measures, the internalization of certain auxiliary activities necessary for the steel production process.<\/p>\n
The Competition Council said in a statement that it had authorized the takeover of Phoenix Slag Services by Liberty Gala\u0163i SA following an assessment of the transaction’s impact on market competition.\u00a0<\/p>\n
“Following its analysis, the Competition Council found that the transaction does not raise significant obstacles to effective competition on the Romanian market or a substantial part of it, and that there are no serious doubts regarding its compatibility with a normal competitive environment,” reads the statement<\/a>.<\/p>\n Liberty Gala\u0163i’s core activity is the production and sale of metallurgical products, and the company operates the largest integrated steelmaking facility in Romania.<\/p>\n Phoenix Slag Services SRL operates mainly on the industrial platform of Liberty Gala\u0163i, providing specialized industrial cleaning services, processing slag resulting from steel production, and handling the evacuation of hot metal. Liberty Gala\u0163i is the company’s main client.<\/p>\n irina.marica@romania-insider.com<\/p>\n (Photo source: Liberty Galati)<\/p>","protected":false},"excerpt":{"rendered":" The Competition Council announced on Monday, December 29, that it approved the transaction through which Liberty Gala\u0163i intends to acquire Phoenix Slag Services SRL. Liberty Gala\u0163i is Romania’s largest integrated steel producer. The transaction is part of the implementation of Liberty Gala\u0163i’s restructuring plan, which has been approved by the Gala\u0163i Tribunal. The plan includes, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8288","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8288"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8288\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}