BusinessInsider+
Court, creditors approve restructuring plan for Romanian steelmaker Liberty Galați
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month.
Radu Dumitrescu · Journalist
· Updated · 2 min read
The restructuring plan laid out by Liberty Galați was validated by the Galați Court on Friday, August 1, after having been approved by 52% of the ailing plant’s creditors last month.
The plan, approved by creditors and confirmed by the Galați Court, sets out firm measures to restructure both the company’s operational activity and the organizational structure and governance of the companies owned by the shareholder in Romania.
