Akhmetov’s envoy discusses rescue options for Romania’s Liberty Galați steel plant

Representatives of Metinvest, the industrial group controlled by Ukrainian businessman Rinat Akhmetov, held talks with Romanian authorities regarding possible solutions for the financially troubled Liberty Galați steel plant, formerly known as Sidex, according to Profit.ro.

Yevhen Shelekhov, head of mergers and acquisitions at Metinvest, met Mihai Jurca, head of the Romanian prime minister’s chancellery, to discuss measures aimed at stabilising the steelmaker and addressing the economic and social impact of its inactivity. According to Profit.ro, the discussions focused on “identifying solutions regarding Liberty Galați”, including proposals for “relevant economic packages” intended to support a potential restructuring or takeover process.