Auction for Romania’s Liberty Galați steel mill fails a second time despite reduced price
The auction round for the Liberty Galați 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,…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The auction round for the Liberty Galați 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.
According to the consortium, the steps for the sale of the Galați 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.
