Liberty Galati's restructuring has been approved, and asset sales of €690 million are planned.

Romania's largest flat steel producer, Liberty Galati, has been under severe financial and operational strain for almost a year, with steel production largely suspended due to persistent liquidity shortages, long delays in payroll payments, and minimal production volume. Against this background, the company reached a critical turning point after it received court approval for its recovery plan, officially allowing the restructuring process to move forward. As a result, Liberty Galati has entered a crucial phase of its reorganization, and according to official announcements, its assets are expected to be put up for sale as part of an international process in March, at an estimated value of about €690 million.

Local sources report that about 13 potential investors have already expressed tentative interest, including both international and domestic groups. These reportedly include India's JSW Steel and Jindal Group, Iraq's Galiawa Group, China's DeLong Steel, Turkey's KMC Steel, Ukraine's Metinvest and Romania's UMB Grup, which recently agreed to acquire the assets of ArcelorMittal Hunedoara.

However, the sale is considered highly sensitive, as the Romanian state and state financial institutions remain among the largest creditors. Consequently, the auction results are considered critically important not only for debt collection, but also for processing sectors such as construction, shipbuilding and infrastructure. Thus, market participants consider