{"id":8550,"date":"2026-01-23T08:00:50","date_gmt":"2026-01-23T08:00:50","guid":{"rendered":"https:\/\/ofero.news\/?p=8550"},"modified":"2026-01-23T08:00:50","modified_gmt":"2026-01-23T08:00:50","slug":"romanias-government-reviews-reorganisation-plan-at-steel-mill-liberty-galati","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=8550","title":{"rendered":"Romania\u2019s government reviews reorganisation plan at steel mill Liberty Galati"},"content":{"rendered":"<p>The inter-governmental committee set up last September by Romania to tackle the fate of the troubled steel mill Liberty Galati (part of global Liberty Steel, in pre-insolvency), which owes over EUR 400 million to state bodies in tax and other dues, summoned on January 22 \u2013 ahead of the January 26 deadline for a final decision on the reorganisation plan. The deadline can be deferred by 30 days.<\/p>\n<p>If it\u2019s not sold quickly this year, it will never be sold (or operating), court-appointed manager Remus Borza said, cited by <a href=\"https:\/\/www.digi24.ro\/digieconomic\/energie\/cat-costa-combinatul-de-la-galati-daca-nu-l-vindem-anul-asta-nu-se-va-mai-intampla-deloc-si-cand-sta-mananca-14-mil-euro-pe-luna-84217?mc_cid=34d5451a08&amp;mc_eid=cd1f92f96c\" target=\"_blank\">Digi24<\/a>, adding that keeping the integrated steel mill in conservation costs EUR 14 million per month.<\/p>\n<p>The committee reviewed the modifications to the reorganisation plan proposed by the tax collection agency ANAF and state bank Exim Banca Romaneasca as main creditors, the government announced in a press release.\u00a0However, no details on the modifications or a final decision on approving them were released.\u00a0<\/p>\n<p>After\/if the reorganisation plan is approved, the sale of the company\u2019s assets under an international organisation should take place within 6 months.<\/p>\n<p>The value of the steel mill is estimated between EUR 407 million (liquidation value \u2013 as separate assets) and EUR 702 million (going concern value \u2013 meaning as a functioning business).<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: Gov.ro)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>The inter-governmental committee set up last September by Romania to tackle the fate of the troubled steel mill Liberty Galati (part of global Liberty Steel, in pre-insolvency), which owes over EUR 400 million to state bodies in tax and other dues, summoned on January 22 \u2013 ahead of the January 26 deadline for a final [&hellip;]<\/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-8550","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8550","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=8550"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/8550\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}